Intel Co. (NASDAQ:INTC) Receives $30.04 Consensus PT from Analysts

Intel Co. (NASDAQ:INTC - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the thirty-one analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.04.

Several research analysts recently issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, November 1st. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, November 1st. Truist Financial lifted their target price on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Stifel Nicolaus reissued a "hold" rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, October 17th.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Trading of Intel

Several institutional investors have recently modified their holdings of the stock. America First Investment Advisors LLC acquired a new position in shares of Intel during the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter valued at approximately $27,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter worth approximately $31,000. Finally, Groupama Asset Managment increased its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Down 0.7 %

Intel stock traded down $0.14 during trading hours on Friday, reaching $20.30. The stock had a trading volume of 48,168,219 shares, compared to its average volume of 76,239,312. Intel has a 52 week low of $18.51 and a 52 week high of $50.87. The company has a market cap of $87.55 billion, a price-to-earnings ratio of -5.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business's 50 day moving average price is $22.55 and its 200-day moving average price is $24.41.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Sell-side analysts anticipate that Intel will post -0.87 EPS for the current year.

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.