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.
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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.
Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.10). Intel had a net
margin of 12.71% and a return on equity of 7.49%. The company had revenue of $14.04 billion for the quarter, compared to analyst estimates of $14.49 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm's revenue was down 31.6% on a year-over-year basis. Equities analysts forecast that Intel will post 1.73 earnings per share for the current year.
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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