Roth Mkm Lowers Intel (NASDAQ:INTC) Price Target to $35.00

Intel (NASDAQ:INTC) had its price target dropped by research analysts at Roth Mkm from $45.00 to $35.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the chip maker’s stock. Roth Mkm’s price objective would indicate a potential upside of 10.20% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. TD Cowen lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday. Morgan Stanley lowered their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday. Sanford C. Bernstein reduced their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $39.92.

Intel Price Performance

NASDAQ INTC traded down $3.35 during trading hours on Friday, reaching $31.76. 89,049,353 shares of the company’s stock were exchanged, compared to its average volume of 47,751,387. The firm has a fifty day moving average of $41.11 and a 200-day moving average of $42.25. Intel has a one year low of $26.85 and a one year high of $51.28. The stock has a market cap of $134.28 billion, a PE ratio of 81.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its 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 company had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Intel will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Intel

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

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Slow Capital Inc. lifted its stake in Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares during the last quarter. Altus Wealth Group LLC grew its holdings in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC bought a new position in Intel during the fourth quarter worth about $201,000. Vanguard Capital Wealth Advisors increased its position in Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares during the last quarter. Finally, Prosperity Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at approximately $293,000. 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.