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

Intel Co. (NASDAQ:INTC) has received a consensus rating of “Reduce” from the thirty-one brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.04.

INTC has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Mizuho lifted their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th.

Intel Stock Up 0.6 %

Shares of NASDAQ:INTC opened at $20.92 on Wednesday. Intel has a 52-week low of $18.51 and a 52-week high of $51.28. 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 firm has a market capitalization of $90.23 billion, a P/E ratio of -5.62 and a beta of 1.05. The stock has a 50 day moving average price of $23.40 and a 200-day moving average price of $25.67.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the business earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intel will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. William B. Walkup & Associates Inc. purchased a new stake in shares of Intel in the second quarter valued at approximately $2,178,000. Swiss National Bank boosted its holdings in shares of Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the period. Fortis Group Advisors LLC boosted its holdings in shares of Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after purchasing an additional 157,991 shares during the period. Mizuho Securities Co. Ltd. boosted its holdings in shares of Intel by 2,910.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after purchasing an additional 27,940 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Intel by 104.9% in the third quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock valued at $1,427,000 after purchasing an additional 31,143 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

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.