Intel$Intel(INTC)$ has been given a $35.00 price objective by research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday, Borsen Zeitungreports. Sanford C. Bernstein’s price target would suggest a potential downside of 7.24% from the stock’s current price.
INTC has been the topic of a number of other research reports. Tigress Financial reissued a “buy” rating and set a $72.00 price target on shares of Intel in a research report on Friday, June 3rd. Barclays set a $45.00 target price on Intel in a research report on Friday, April 29th. Citigroup decreased their price target on Intel from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, June 6th. Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 23rd. Finally, Truist Financial reduced their target price on Intel from $53.00 to $49.00 in a research note on Friday, April 8th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Intel has an average rating of “Hold” and a consensus target price of $53.24.
Shares ofIntel stocktraded up $0.76 during trading on Tuesday, reaching $37.73. 33,862,906 shares of the company were exchanged, compared to its average volume of 38,151,988. Intel has a twelve month low of $36.60 and a twelve month high of $57.83. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $154.28 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 1.41 and a beta of 0.60. The business has a 50-day moving average price of $43.46 and a 200-day moving average price of $47.53.
Intel last issued its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Intel had a return on equity of 21.67% and a net margin of 31.68%. The company had revenue of $18.40 billion for the quarter, compared to analyst estimates of $18.32 billion. During the same period in the previous year, the company posted $1.39 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Intel will post 3.5 EPS for the current fiscal year.
In related news, CFO David Zinsner purchased 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was bought at an average cost of $44.73 per share, with a total value of $246,015.00. Following the completion of the purchase, the chief financial officer now directly owns 8,803 shares in the company, valued at $393,758.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.02% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Ulland Investment Advisors LLC purchased a new stake in Intel in the fourth quarter worth about $26,000. Lansing Street Advisors purchased a new stake in Intel in the first quarter worth about $28,000. Lloyd Advisory Services LLC. grew its holdings in Intel by 2,835.0% in the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock worth $29,000 after purchasing an additional 567 shares during the period. Landmark Wealth Management LLC purchased a new stake in Intel in the first quarter worth about $31,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Intel by 64.0% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock worth $34,000 after purchasing an additional 256 shares during the period. 62.74% of the stock is owned by institutional investors.
source: defenseworld
Intel Company Profile $Intel(INTC)$
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
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