Intel (NASDAQ:INTC) Earns In-Line Rating from Analysts at Evercore ISI

Equities research analysts at Evercore ISI began coverage on shares of Intel (NASDAQ:INTC) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set an “in-line” rating and a $40.00 price target on the chip maker’s stock. Evercore ISI’s price objective would indicate a potential upside of 11.17% from the company’s current price.

A number of other research analysts have also recently commented on INTC. Mizuho reduced their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Barclays boosted their target price on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Raymond James cut their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $42.69.

Intel Trading Down 0.9 %

Intel stock traded down $0.33 during trading on Tuesday, reaching $35.98. The company had a trading volume of 3,677,640 shares, compared to its average volume of 46,615,078. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm has a market capitalization of $152.12 billion, a price-to-earnings ratio of 93.10, a PEG ratio of 3.16 and a beta of 1.00. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The stock’s 50 day moving average price is $42.45 and its two-hundred day moving average price is $42.39.

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

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was purchased 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 of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were purchased 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel 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 transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INTC. New Millennium Group LLC lifted its holdings in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in Intel during the second quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter worth about $27,000. Burkett Financial Services LLC purchased a new position in shares of Intel in the fourth quarter worth approximately $27,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. Institutional investors own 64.53% of the company’s stock.

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.