Intel (NASDAQ:INTC) PT Lowered to $30.00

Intel (NASDAQ:INTC) had its price target dropped by The Goldman Sachs Group from $34.00 to $30.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “sell” rating on the chip maker’s stock.

INTC has been the subject of several other reports. Raymond James lowered their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Truist Financial reduced their price objective on shares of Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 26th. HSBC dropped their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Finally, Evercore ISI reduced their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.62.

Intel Price Performance

Intel stock opened at $30.00 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $39.12 and a 200-day simple moving average of $42.05. The stock has a market cap of $127.71 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09. Intel has a 12-month low of $26.85 and a 12-month high of $51.28.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. New Millennium Group LLC boosted its holdings 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 acquiring an additional 231 shares during the period. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Intel during the fourth quarter valued at $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at $27,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Intel during the fourth quarter valued at $36,000. Institutional investors and hedge funds 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.