Weekly Research Analysts’ Ratings Changes for Intel (INTC)

Posted by admin on Apr 17th, 2024

Intel (NASDAQ: INTC) recently received a number of ratings updates from brokerages and research firms:

4/16/2024 – Intel is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $40.00 price target on the stock.
4/15/2024 – Intel had its price target lowered by analysts at Citigroup Inc. from $47.50 to $40.00. They now have a “neutral” rating on the stock.
4/12/2024 – Intel had its price target lowered by analysts at Bank of America Co. from $50.00 to $44.00. They now have a “neutral” rating on the stock.
4/9/2024 – Intel had its price target lowered by analysts at Wells Fargo & Company from $48.00 to $43.00. They now have an “equal weight” rating on the stock.
4/4/2024 – Intel had its “neutral” rating reaffirmed by analysts at Susquehanna. They now have a $42.00 price target on the stock.
4/3/2024 – Intel had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $50.00 price target on the stock.
4/3/2024 – Intel had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $40.00 price target on the stock.
4/3/2024 – Intel had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $45.00 price target on the stock.
4/3/2024 – Intel had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock.
4/3/2024 – Intel had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $62.00 price target on the stock.
4/1/2024 – Intel had its price target raised by analysts at UBS Group AG from $46.00 to $50.00. They now have a “neutral” rating on the stock.
2/23/2024 – Intel had its “sell” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $17.00 price target on the stock.
2/16/2024 – Intel had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $40.00 price target on the stock.

Intel Trading Down 0.1 %

INTC traded down $0.05 during midday trading on Tuesday, reaching $36.26. 30,577,853 shares of the company’s stock traded hands, compared to its average volume of 47,000,832. The stock has a market capitalization of $153.31 billion, a price-to-earnings ratio of 92.98, a P/E/G ratio of 3.16 and a beta of 1.00. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The firm has a fifty day moving average of $42.45 and a two-hundred day moving average of $42.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. On average, equities analysts anticipate that Intel Co. will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. Intel’s dividend payout ratio is currently 128.21%.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction 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 disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC purchased a new stake in Intel during the second quarter valued at approximately $25,000. New Millennium Group LLC raised its holdings in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the period. Frazier Financial Advisors LLC purchased a new position in Intel during the fourth quarter valued at $27,000. Burkett Financial Services LLC bought a new stake in Intel during the fourth quarter valued at about $27,000. Finally, Hanseatic Management Services Inc. purchased a new stake in Intel in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.