Brokerages Set Intel Co. (NASDAQ:INTC) Price Target at $30.12

Shares of Intel Co. (NASDAQ:INTC) have earned a consensus rating of “Reduce” from the thirty-one analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.12.

A number of equities research analysts have issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Susquehanna dropped their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd.

Intel Trading Down 2.7 %

NASDAQ:INTC opened at $24.35 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $105.02 billion, a price-to-earnings ratio of -6.55 and a beta of 1.03. Intel has a one year low of $18.51 and a one year high of $51.28. The business has a fifty day moving average price of $22.58 and a 200-day moving average price of $26.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Sell-side analysts forecast that Intel will post -0.83 EPS for the current year.

Insider Activity at Intel

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

Institutional Investors Weigh In On Intel

Institutional investors have recently bought and sold shares of the company. Guardian Capital Advisors LP increased its holdings in Intel by 2.1% in the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock valued at $708,000 after buying an additional 328 shares in the last quarter. Richard C. Young & CO. LTD. increased its holdings in Intel by 0.9% in the first quarter. Richard C. Young & CO. LTD. now owns 37,489 shares of the chip maker’s stock valued at $1,656,000 after buying an additional 338 shares in the last quarter. Key Financial Inc increased its stake in shares of Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after purchasing an additional 340 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after purchasing an additional 348 shares in the last quarter. Finally, Cypress Asset Management Inc. TX increased its stake in shares of Intel by 1.6% during the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock worth $1,015,000 after purchasing an additional 350 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.