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.
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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.
Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). Intel had a return on equity of 7.49% and a net
margin of 12.71%. The company had revenue of $14.04 billion during the quarter, compared to analysts' expectations of $14.49 billion. During the same quarter last year, the business earned $1.09 earnings per share. The business's quarterly revenue was down 31.6% on a year-over-year basis. On average, analysts anticipate that Intel will post 1.73 EPS for the current fiscal year.
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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