Sanford C. Bernstein set a $20.00 target price on Intel (NASDAQ:INTC – Get Rating) in a research note released on Friday morning, Borsen Zeitung reports.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group set a $24.00 target price on shares of Intel in a research report on Tuesday, December 13th. Wedbush reiterated an underperform rating and issued a $20.00 target price (down previously from $23.00) on shares of Intel in a research note on Monday, January 23rd. Bank of America reduced 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. Truist Financial reduced their target price on shares of Intel from $33.00 to $29.00 in a research note on Friday. Finally, Morgan Stanley reduced 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. Ten equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of Hold and an average price target of $30.02.

Intel Stock Down 6.4 %

Shares of NASDAQ INTC opened at $28.16 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.77. Intel has a 52-week low of $24.59 and a 52-week high of $52.51. The company's 50 day moving average price is $28.43 and its 200-day moving average price is $30.45. The company has a market capitalization of $116.22 billion, a P/E 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 news, Director Lip Bu Tan bought 1,854 shares of the business's stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the acquisition, the director now owns 2,354 shares of the company's stock, valued at $64,711.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Lip Bu Tan bought 1,854 shares of the business's stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the acquisition, the director now owns 2,354 shares of the company's stock, valued at $64,711.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the business's stock in a transaction dated Monday, October 31st. The stock was purchased at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the acquisition, the chief executive officer now directly owns 96,049 shares of the company's stock, valued at approximately $2,704,739.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 58,830 shares of company stock worth $1,646,744. Insiders own 0.02% of the company's stock.

Institutional Trading of Intel

Several large investors have recently added to or reduced their stakes in INTC. Clearbridge Investments LLC boosted its holdings in Intel by 4,407.3% in the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker's stock valued at $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Two Sigma Advisers LP lifted its position in Intel by 114.3% during the third quarter. Two Sigma Advisers LP now owns 15,152,975 shares of the chip maker's stock valued at $390,492,000 after buying an additional 8,080,700 shares during the period. Primecap Management Co. CA lifted its position in Intel by 12.4% during the second quarter. Primecap Management Co. CA now owns 48,598,246 shares of the chip maker's stock valued at $1,818,060,000 after buying an additional 5,344,285 shares during the period. Two Sigma Investments LP lifted its position in Intel by 125.7% during the third quarter. Two Sigma Investments LP now owns 9,132,614 shares of the chip maker's stock valued at $235,347,000 after buying an additional 5,085,561 shares during the period. Finally, State Street Corp lifted its position in Intel by 2.3% during the third quarter. State Street Corp now owns 180,279,279 shares of the chip maker's stock valued at $4,645,797,000 after buying an additional 4,129,574 shares during the period. Institutional investors own 59.48% of the company's stock.

Intel Company Profile

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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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