Sanford C. Bernstein set a $20.00 target price on Intel (NASDAQ:INTC) in a research report report published on Friday morning, Borsen Zeitung reports.
Other research analysts have also issued research reports about the stock. Wedbush reaffirmed an underperform rating and set a $20.00 price objective (down previously from $23.00) on shares of Intel in a research report on Monday, January 23rd. Cowen assumed coverage on shares of Intel in a research note on Monday, November 21st. They issued a market perform rating and a $31.00 target price on the stock. HSBC assumed coverage on shares of Intel in a research note on Monday, October 24th. They issued a reduce rating and a $23.00 target price on the stock. Mizuho lowered their target price on shares of Intel from $32.00 to $29.00 and set a neutral rating on the stock in a research note on Friday. Finally, Cowen lowered their target price on shares of Intel from $31.00 to $26.00 and set a market perform rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of Hold and a consensus price target of $30.02.
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Intel Stock Down 6.4 %
Shares of INTC opened at $28.16 on Friday. The company has a 50-day simple moving average of $28.43 and a 200-day simple moving average of $30.45. The firm has a market capitalization of $116.22 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.32 and a beta of 0.77. 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.
Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.10). The company had revenue of $14.04 billion for the quarter, compared to analyst estimates of $14.49 billion. Intel had a net margin of 12.71% and a return on equity of 7.49%. The firm's quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. On average, equities research analysts expect that Intel will post 1.73 earnings per share for the current year.
Insider Transactions at Intel
In other Intel news, Director Lip Bu Tan acquired 48,146 shares of the company's stock in a transaction on Tuesday, November 8th. The stock was acquired at an average price of $27.98 per share, for a total transaction of $1,347,125.08. Following the purchase, the director now directly owns 50,500 shares of the company's stock, valued at $1,412,990. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intel news, Director Lip Bu Tan acquired 48,146 shares of the company's stock in a transaction on Tuesday, November 8th. The stock was acquired at an average price of $27.98 per share, for a total transaction of $1,347,125.08. Following the purchase, the director now directly owns 50,500 shares of the company's stock, valued at $1,412,990. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the company's stock in a transaction dated Monday, October 31st. The stock was purchased at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the transaction, the chief executive officer now directly owns 96,049 shares in the company, valued at approximately $2,704,739.84. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is owned by insiders.
Hedge Funds Weigh In On Intel
Several hedge funds and other institutional investors have recently made changes to their positions in INTC. Vanguard Group Inc. grew its holdings in shares of Intel by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 361,644,210 shares of the chip maker's stock valued at $9,319,571,000 after purchasing an additional 3,842,416 shares during the last quarter. State Street Corp grew its holdings in shares of Intel by 2.3% during the 3rd quarter. State Street Corp now owns 180,279,279 shares of the chip maker's stock valued at $4,645,797,000 after purchasing an additional 4,129,574 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Intel by 7.2% during the 3rd quarter. Primecap Management Co. CA now owns 52,117,226 shares of the chip maker's stock valued at $1,343,061,000 after purchasing an additional 3,518,980 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Intel by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 31,505,367 shares of the chip maker's stock valued at $1,178,619,000 after purchasing an additional 628,215 shares during the last quarter. Finally, State Farm Mutual Automobile Insurance Co. grew its holdings in shares of Intel by 1.9% during the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 26,389,039 shares of the chip maker's stock valued at $987,214,000 after purchasing an additional 485,720 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.
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.