Intel (NASDAQ:INTC) Coverage Initiated at Evercore ISI

Analysts at Evercore ISI began coverage on shares of Intel (NASDAQ:INTC) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage set an “in-line” rating and a $40.00 price target on the chip maker’s stock. Evercore ISI’s price target would indicate a potential upside of 12.11% from the company’s previous close.

INTC has been the subject of a number of other research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Bank of America decreased their price target on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price target on Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. Finally, Susquehanna restated a “neutral” rating and issued a $42.00 price target on shares of Intel in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $42.62.

Intel Stock Down 1.6 %

INTC opened at $35.68 on Tuesday. Intel has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $150.86 billion, a P/E ratio of 91.49, a P/E/G ratio of 3.21 and a beta of 1.00. The stock has a fifty day moving average of $42.18 and a 200-day moving average of $42.35.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that Intel will post 0.62 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, 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. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of institutional investors have recently modified their holdings of the company. Barrett & Company Inc. raised its position in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC grew its holdings in Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after buying an additional 216 shares in the last quarter. New Millennium Group LLC raised its position in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC raised its position in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares during the last quarter. Finally, Virtue Capital Management LLC raised its position in Intel by 3.3% in the 4th quarter. Virtue Capital Management LLC now owns 7,580 shares of the chip maker’s stock valued at $355,000 after buying an additional 245 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.