Mizuho Issues Positive Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC - Free Report) had its price objective lifted by Mizuho from $22.00 to $23.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the chip maker's stock.

Several other brokerages have also weighed in on INTC. The Goldman Sachs Group lowered their price objective on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, October 17th. Cantor Fitzgerald dropped their price target on Intel from $40.00 to $27.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Barclays decreased their price objective on shares of Intel from $40.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, August 2nd. Truist Financial raised their price target on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.12.

Intel Stock Up 7.8 %

INTC stock traded up $1.68 during midday trading on Friday, hitting $23.20. 172,709,935 shares of the company's stock were exchanged, compared to its average volume of 59,380,906. The stock has a market capitalization of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $21.79 and a 200-day moving average price of $27.02. Intel has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The company's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, analysts anticipate that Intel will post -0.47 EPS for the current year.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm's stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares of the company's stock, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Intel

Large investors have recently made changes to their positions in the stock. SilverOak Wealth Management LLC raised its position in shares of Intel by 19.1% in the third quarter. SilverOak Wealth Management LLC now owns 18,772 shares of the chip maker's stock valued at $440,000 after purchasing an additional 3,006 shares during the period. Lindbrook Capital LLC grew its stake in Intel by 26.2% in the 3rd quarter. Lindbrook Capital LLC now owns 19,387 shares of the chip maker's stock valued at $455,000 after buying an additional 4,027 shares during the last quarter. PFS Partners LLC raised its holdings in Intel by 25.5% in the 3rd quarter. PFS Partners LLC now owns 3,706 shares of the chip maker's stock worth $87,000 after acquiring an additional 752 shares during the period. Wealth Quarterback LLC lifted its position in Intel by 246.5% during the 3rd quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker's stock worth $585,000 after acquiring an additional 17,749 shares during the last quarter. Finally, Corrado Advisors LLC boosted its holdings in Intel by 41.0% during the third quarter. Corrado Advisors LLC now owns 66,426 shares of the chip maker's stock valued at $1,558,000 after acquiring an additional 19,306 shares during the period. 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.