Intel Co. (NASDAQ:INTC) Receives $30.04 Consensus Target Price from Analysts

Intel Co. (NASDAQ:INTC) has been assigned an average recommendation of “Reduce” from the thirty-one ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $30.04.

A number of brokerages recently issued reports on INTC. Mizuho raised their price objective on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Bank of America reiterated an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st.

Intel Stock Up 0.8 %

INTC opened at $20.22 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $22.36 and a 200-day moving average of $24.21. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a market capitalization of $87.21 billion, a P/E ratio of -5.44 and a beta of 1.05.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts expect that Intel will post -0.87 EPS for the current year.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

Hedge funds have recently bought and sold shares of the company. Cacti Asset Management LLC boosted its position in shares of Intel by 6.0% during the 4th quarter. Cacti Asset Management LLC now owns 123,100 shares of the chip maker’s stock valued at $2,440,000 after purchasing an additional 7,000 shares in the last quarter. Independent Solutions Wealth Management LLC boosted its holdings in shares of Intel by 29.5% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 18,895 shares of the chip maker’s stock worth $443,000 after buying an additional 4,304 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after buying an additional 204,200 shares during the period. Retirement Systems of Alabama increased its stake in shares of Intel by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 946,906 shares of the chip maker’s stock valued at $22,214,000 after acquiring an additional 7,857 shares in the last quarter. Finally, Denver PWM LLC lifted its position in shares of Intel by 752.1% during the 3rd quarter. Denver PWM LLC now owns 26,425 shares of the chip maker’s stock valued at $620,000 after acquiring an additional 23,324 shares during the period. Institutional investors own 64.53% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.