Intel (NASDAQ:INTC) Price Target Cut to $37.00

Intel (NASDAQ:INTC) had its price objective reduced by equities research analysts at HSBC from $44.00 to $37.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the chip maker’s stock. HSBC’s price objective suggests a potential upside of 7.25% from the company’s previous close.

A number of other research analysts have also commented on INTC. Truist Financial restated a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 26th. UBS Group lifted 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.38.

Intel Stock Up 0.6 %

Intel stock opened at $34.50 on Tuesday. Intel has a 1-year low of $26.85 and a 1-year high of $51.28. The firm has a market capitalization of $145.87 billion, a price-to-earnings ratio of 88.46, a P/E/G ratio of 3.09 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $41.29 and a 200 day simple moving average of $42.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm 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 for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. On average, analysts predict that Intel will post 0.61 earnings per share for the current year.

Insider Activity at Intel

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

Institutional Investors Weigh In On Intel

A number of institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its position in Intel by 8.5% during the third quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock valued at $1,072,000 after purchasing an additional 2,369 shares during the period. Impact Partnership Wealth LLC raised its position in Intel by 85.8% in the third quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock worth $148,000 after acquiring an additional 1,922 shares during the period. Founders Financial Securities LLC raised its position in Intel by 14.8% in the third quarter. Founders Financial Securities LLC now owns 31,444 shares of the chip maker’s stock worth $1,118,000 after acquiring an additional 4,062 shares during the period. Integrated Investment Consultants LLC raised its position in Intel by 3.5% in the third quarter. Integrated Investment Consultants LLC now owns 9,437 shares of the chip maker’s stock worth $335,000 after acquiring an additional 318 shares during the period. Finally, Meridian Wealth Management LLC raised its position in Intel by 106.9% in the third quarter. Meridian Wealth Management LLC now owns 49,590 shares of the chip maker’s stock worth $1,764,000 after acquiring an additional 25,619 shares during the period. Hedge funds and other 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.