Intel (NASDAQ:INTC) Rating Reiterated by Stifel Nicolaus

Intel (NASDAQ:INTCGet Free Report)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a report released on Wednesday, Benzinga reports. They presently have a $45.00 price target on the chip maker’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 2.41% from the company’s previous close.

INTC has been the subject of a number of other reports. Barclays increased their target price on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Raymond James cut their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Susquehanna raised their price objective on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Mizuho cut their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.43.

Check Out Our Latest Stock Report on Intel

Intel Stock Performance

Shares of NASDAQ INTC opened at $43.94 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $185.78 billion, a PE ratio of 112.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.00. Intel has a 1 year low of $26.85 and a 1 year high of $51.28. The company’s fifty day moving average price is $43.73 and its 200 day moving average price is $42.17.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. On average, research analysts predict that Intel will post 0.64 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 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, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently made changes to their positions in the business. New Millennium Group LLC boosted its position 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 worth $25,000 after buying an additional 231 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in Intel in the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in Intel in the 4th quarter valued at about $27,000. Burkett Financial Services LLC purchased a new position in Intel in the 4th quarter valued at about $27,000. Finally, Hanseatic Management Services Inc. purchased a new position in Intel in the 4th quarter valued at about $27,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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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