Intel (NASDAQ:INTC – Get Rating) had its price objective decreased by Wells Fargo & Company from $32.00 to $26.00 in a research note published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the chip maker's stock.

INTC has been the subject of a number of other research reports. Credit Suisse Group decreased their target price on shares of Intel from $28.00 to $25.00 and set a neutral rating for the company in a research note on Friday. Bank of America decreased their target price on shares of Intel from $28.00 to $25.00 and set an underperform rating for the company in a research note on Friday. Morgan Stanley decreased their target price on shares of Intel from $36.00 to $29.50 and set an underweight rating for the company in a research note on Friday, October 28th. The Goldman Sachs Group set a $24.00 target price on shares of Intel in a research note on Tuesday, December 13th. Finally, HSBC initiated coverage on shares of Intel in a research note on Monday, October 24th. They set a reduce rating and a $23.00 target price for the company. Ten research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $30.02.

Intel Stock Performance

Shares of INTC opened at $28.16 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.31. Intel has a one year low of $24.59 and a one year high of $52.51. The company has a 50-day simple moving average of $28.43 and a two-hundred day simple moving average of $30.45. The firm has a market capitalization of $116.22 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 8,830 shares of the company's stock in a transaction dated Monday, October 31st. The shares were acquired at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the purchase, the chief executive officer now directly owns 96,049 shares of the company's stock, valued at approximately $2,704,739.84. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 8,830 shares of the company's stock in a transaction dated Monday, October 31st. The shares were acquired at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the purchase, the chief executive officer now directly owns 96,049 shares of the company's stock, valued at approximately $2,704,739.84. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lip Bu Tan purchased 1,854 shares of the company's stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $27.49 per share, for a total transaction of $50,966.46. Following the purchase, the director now directly owns 2,354 shares in the company, valued at $64,711.46. The disclosure for this purchase can be found here. Insiders have acquired 58,830 shares of company stock worth $1,646,744 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Apeiron RIA LLC purchased a new position in shares of Intel during the 2nd quarter valued at $26,000. Grayhawk Investment Strategies Inc. purchased a new position in shares of Intel during the 2nd quarter valued at $36,000. Steward Financial Group LLC lifted its stake in shares of Intel by 667.0% during the 2nd quarter. Steward Financial Group LLC now owns 790 shares of the chip maker's stock valued at $29,000 after buying an additional 687 shares in the last quarter. Lumature Wealth Partners LLC increased its holdings in Intel by 146.7% in the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker's stock valued at $41,000 after acquiring an additional 490 shares during the last quarter. Finally, O Dell Group LLC increased its holdings in Intel by 258.1% in the 3rd quarter. O Dell Group LLC now owns 974 shares of the chip maker's stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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