Intel (NASDAQ:INTC) Stock Rating Reaffirmed by Wedbush

Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a research report issued on Wednesday, Benzinga reports. They presently have a $40.00 price target on the chip maker’s stock. Wedbush’s price objective indicates a potential upside of 12.11% from the stock’s current price.

INTC has been the topic of several other reports. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Bank of America lowered their target price on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Wells Fargo & Company lowered their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Finally, Raymond James lowered their target price on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.62.

Intel Trading Down 1.6 %

Intel stock traded down $0.58 during mid-day trading on Wednesday, reaching $35.68. 39,316,589 shares of the company traded hands, compared to its average volume of 46,695,355. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm’s 50 day moving average price is $42.32 and its 200 day moving average price is $42.40. The firm has a market capitalization of $150.86 billion, a price-to-earnings ratio of 91.28, a P/E/G ratio of 3.21 and a beta of 1.00. Intel has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last released 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 net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Intel will post 0.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was bought 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 directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was acquired 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 in the company, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, 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 Trading of Intel

Institutional investors and hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its holdings in shares of Intel by 100,953.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock valued at $1,351,468,000 after acquiring an additional 51,083,262 shares in the last quarter. Norges Bank bought a new stake in shares of Intel in the fourth quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after acquiring an additional 31,575,084 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Intel by 4,407.3% in the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after acquiring an additional 16,074,485 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Intel by 171.1% in the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker’s stock valued at $715,773,000 after acquiring an additional 13,507,774 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.