Analysts Set Intel Co. (NASDAQ:INTC) Target Price at $42.62

Intel Co. (NASDAQ:INTC) has been given an average recommendation of “Hold” by the twenty-eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.38.

A number of brokerages have recently issued reports on INTC. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Wedbush reiterated a “neutral” rating and set a $40.00 target price on shares of Intel in a research note on Wednesday, April 17th. The Goldman Sachs Group upped their price target on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. UBS Group raised their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, Bank of America cut their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th.

Intel Stock Up 1.8 %

Shares of NASDAQ:INTC opened at $35.11 on Tuesday. The company has a 50 day moving average of $41.11 and a two-hundred day moving average of $42.25. Intel has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $148.45 billion, a price-to-earnings ratio of 90.03, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. As a group, analysts forecast that Intel will post 0.61 earnings per share for the current fiscal year.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Slow Capital Inc. grew its position in Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares during the last quarter. Altus Wealth Group LLC increased its position in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new position in Intel during the 4th quarter worth approximately $201,000. Vanguard Capital Wealth Advisors raised its stake in Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $293,000. 64.53% of the stock is currently owned by institutional investors.

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.