Intel (NASDAQ:INTC) PT Lowered to $35.00

Intel (NASDAQ:INTC) had its target price decreased by equities researchers at Roth Mkm from $45.00 to $35.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the chip maker’s stock. Roth Mkm’s price objective indicates a potential upside of 10.20% from the stock’s previous close.

INTC has been the subject of a number of other research reports. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Friday. Wedbush reduced their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. The Goldman Sachs Group dropped their target price on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a report on Friday. Finally, Sanford C. Bernstein decreased their price target on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.92.

Intel Price Performance

Shares of INTC traded down $3.35 during midday trading on Friday, reaching $31.76. The stock had a trading volume of 89,049,353 shares, compared to its average volume of 47,751,387. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $134.28 billion, a price-to-earnings ratio of 81.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.00. The company’s 50-day moving average is $41.11 and its 200 day moving average is $42.25. Intel has a 12-month low of $26.85 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts predict that Intel will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Intel

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

Institutional Inflows and Outflows

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

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.