Intel’s (INTC) Neutral Rating Reaffirmed at Wedbush

Intel (NASDAQ:INTCGet Free Report)‘s stock had its “neutral” rating reaffirmed by analysts at Wedbush in a research report issued on Wednesday, Benzinga reports. They currently have a $40.00 price target on the chip maker’s stock. Wedbush’s target price suggests a potential downside of 8.97% from the company’s current price.

Several other research firms have also commented on INTC. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. HSBC lowered their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. UBS Group upped their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of Intel in a report on Friday, February 2nd. Finally, Morgan Stanley upped their price objective on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.43.

View Our Latest Analysis on INTC

Intel Stock Down 1.3 %

INTC stock opened at $43.94 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel has a 1-year low of $26.85 and a 1-year high of $51.28. The firm has a fifty day moving average price of $43.73 and a two-hundred day moving average price of $42.17. The firm has a market cap of $185.78 billion, a price-to-earnings ratio of 112.67, a PEG ratio of 4.64 and a beta of 1.00.

Intel (NASDAQ:INTCGet Free Report) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts predict that Intel will post 0.64 EPS for the current year.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Institutional Trading of Intel

Institutional investors have recently bought and sold shares of the company. CVA Family Office LLC boosted its position in Intel by 14.0% during the third quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after purchasing an additional 808 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its position in Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the last quarter. Waverly Advisors LLC boosted its position in Intel by 14.9% during the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after purchasing an additional 7,362 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Intel by 44.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 82,667 shares of the chip maker’s stock valued at $3,876,000 after buying an additional 25,428 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank raised its holdings in Intel by 98.1% during the third quarter. Cape Cod Five Cents Savings Bank now owns 37,666 shares of the chip maker’s stock valued at $1,339,000 after buying an additional 18,657 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

About Intel

(Get Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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