Analysts Set Intel Co. (NASDAQ:INTC) PT at $30.04

Shares of Intel Co. (NASDAQ:INTC) have received an average recommendation of “Reduce” from the thirty-one research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, twenty-five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.04.

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Truist Financial boosted their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Intel Trading Up 1.7 %

NASDAQ:INTC opened at $20.56 on Friday. Intel has a one year low of $18.51 and a one year high of $50.30. The company’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $24.13. The firm has a market capitalization of $88.68 billion, a P/E ratio of -5.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the business earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts forecast that Intel will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTC. Dunhill Financial LLC raised its holdings in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 438 shares during the period. MKT Advisors LLC grew its position in shares of Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after purchasing an additional 490 shares in the last quarter. Foster & Motley Inc. increased its holdings in shares of Intel by 7.9% in the second quarter. Foster & Motley Inc. now owns 6,851 shares of the chip maker’s stock worth $212,000 after purchasing an additional 500 shares during the last quarter. Beaton Management Co. Inc. boosted its stake in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares during the last quarter. Finally, Everpar Advisors LLC increased its stake in Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after acquiring an additional 504 shares during the last quarter. 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.