Intel (NASDAQ:INTC) Price Target Lowered to $45.00 at Mizuho

Intel (NASDAQ:INTC) had its target price decreased by investment analysts at Mizuho from $55.00 to $45.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the chip maker’s stock. Mizuho’s price target would indicate a potential upside of 28.17% from the stock’s previous close.

INTC has been the subject of several other reports. Bank of America dropped their price target on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Barclays boosted their price objective on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Benchmark reissued a “buy” rating and set a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Intel in a research note on Wednesday, April 17th. Finally, The Goldman Sachs Group increased their target price on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.62.

Intel Stock Up 1.8 %

Shares of INTC opened at $35.11 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. 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 price-to-earnings ratio of 90.03, a PEG ratio of 3.13 and a beta of 1.00. The stock has a 50 day moving average price of $41.11 and a 200 day moving average price of $42.25.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping 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 firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts forecast that Intel will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Intel

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

Institutional Trading of Intel

Hedge funds have recently added to or reduced their stakes in the stock. New Millennium Group LLC lifted its holdings in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the period. Frazier Financial Advisors LLC purchased a new position in Intel in the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new position in Intel in the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC purchased a new position in Intel in the 1st quarter valued at approximately $27,000. Finally, Legacy Financial Group LLC purchased a new position in Intel in the 3rd quarter valued at approximately $30,000. 64.53% of the stock is owned by institutional investors and hedge funds.

About Intel

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.