Intel’s (INTC) Neutral Rating Reiterated at Wedbush

Intel (NASDAQ:INTC)‘s stock had its “neutral” rating restated by investment analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $40.00 target price on the chip maker’s stock. Wedbush’s price objective would indicate a potential upside of 14.16% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $50.00 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 research report on Friday, January 26th. Mizuho decreased their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Truist Financial reaffirmed a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Barclays upped their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.62.

Intel Stock Down 1.8 %

Intel stock opened at $35.04 on Wednesday. Intel has a twelve month low of $26.85 and a twelve month 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 50 day moving average of $42.03 and a 200-day moving average of $42.30. The stock has a market capitalization of $148.15 billion, a PE ratio of 89.85, a price-to-earnings-growth ratio of 3.21 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, topping analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, equities research analysts anticipate that Intel will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were purchased 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of 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.

Hedge Funds Weigh In On Intel

Several large investors have recently modified their holdings of INTC. Silverlake Wealth Management LLC increased its holdings in Intel by 1.7% in the first quarter. Silverlake Wealth Management LLC now owns 31,195 shares of the chip maker’s stock valued at $1,378,000 after purchasing an additional 510 shares during the period. Naviter Wealth LLC increased its stake in shares of Intel by 16.5% in the first quarter. Naviter Wealth LLC now owns 33,336 shares of the chip maker’s stock valued at $1,472,000 after buying an additional 4,711 shares during the period. West Oak Capital LLC raised its position in shares of Intel by 1.8% during the first quarter. West Oak Capital LLC now owns 42,974 shares of the chip maker’s stock worth $1,898,000 after acquiring an additional 765 shares during the last quarter. InTrack Investment Management Inc lifted its stake in shares of Intel by 5.7% in the first quarter. InTrack Investment Management Inc now owns 10,838 shares of the chip maker’s stock worth $479,000 after acquiring an additional 580 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Intel in the first quarter valued at approximately $36,000. Institutional investors own 64.53% of the company’s stock.

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.