Intel (NASDAQ:INTC) Given “Hold” Rating at Needham & Company LLC

Intel (NASDAQ:INTC)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a note issued to investors on Friday, Benzinga reports.

Other research analysts also recently issued research reports about the stock. Raymond James lowered their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Evercore ISI assumed coverage on shares of Intel in a report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price objective on the stock. UBS Group increased their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Susquehanna lowered their target price on shares of Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Finally, 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 report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.62.

Intel Stock Up 1.8 %

Shares of NASDAQ INTC opened at $35.11 on Friday. The firm has a market cap of $148.45 billion, a PE ratio of 90.03, a P/E/G ratio of 3.13 and a beta of 1.00. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The company’s fifty day simple moving average is $41.11 and its 200 day simple moving average is $42.25. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

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. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Intel’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts forecast that Intel will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel 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 transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel 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 transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $43.36 per share, for a total transaction 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 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 modified their holdings of the business. Barrett & Company Inc. boosted its stake in Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after purchasing an additional 216 shares in the last quarter. New Millennium Group LLC boosted its stake in 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 purchasing an additional 231 shares in the last quarter. Waldron Private Wealth LLC boosted its stake in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. boosted its stake in Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

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.