Intel (NASDAQ:INTC) PT Lowered to $36.00

Intel (NASDAQ:INTC) had its price objective reduced by equities research analysts at Evercore ISI from $40.00 to $36.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “in-line” rating on the chip maker’s stock. Evercore ISI’s price target points to a potential upside of 2.53% from the company’s current price.

Several other analysts have also recently commented on the company. UBS Group upped their target price on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Benchmark reissued a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Wedbush reissued a “neutral” rating and issued a $40.00 price target on shares of Intel in a research note on Wednesday, April 17th. TD Cowen dropped their price target on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Four 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.87.

Intel Stock Performance

Shares of INTC stock opened at $35.11 on Friday. The business’s 50 day simple moving average is $41.11 and its 200 day simple moving average is $42.25. Intel has a one year low of $26.85 and a one year high of $51.28. The stock has a market capitalization of $148.45 billion, a PE ratio of 90.03, a PEG ratio of 3.13 and a beta of 1.00. 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 (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts forecast that Intel will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Intel

Large investors have recently modified their holdings of the company. Slow Capital Inc. raised its holdings in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC raised its holdings in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC bought a new position in Intel during the 4th quarter worth approximately $201,000. Vanguard Capital Wealth Advisors grew its position in Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. bought a new position in Intel during the 4th quarter worth approximately $293,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Company Profile

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.