Intel (NASDAQ:INTC - Get Free Report) had its price objective cut by Northland Securities from $42.00 to $28.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the chip maker's stock. Northland Securities' price target indicates a potential upside of 20.69% from the stock's current price.
A number of other research firms also recently weighed in on INTC. The Goldman Sachs Group decreased 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. Daiwa America raised Intel to a "hold" rating in a research note on Monday, August 26th. Argus lowered Intel from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $30.12.
Check Out Our Latest Analysis on Intel
Intel Trading Up 7.8 %
Shares of NASDAQ:INTC traded up $1.68 during midday trading on Friday, hitting $23.20. 172,709,935 shares of the stock were exchanged, compared to its average volume of 59,380,906. The business's 50-day moving average price is $21.79 and its 200 day moving average price is $27.02. Intel has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The stock has a market capitalization of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03.
Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) earnings per share. Analysts predict that Intel will post -0.47 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.04% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of INTC. America First Investment Advisors LLC purchased a new position in shares of Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC purchased a new position in Intel in the second quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. bought a new position in Intel during the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Intel in the second quarter worth $33,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
About Intel
(
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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.
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