StockNews.com Upgrades Intel (NASDAQ:INTC) to “Hold”

Intel (NASDAQ:INTC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other equities research analysts have also recently commented on INTC. Truist Financial dropped their price objective on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. UBS Group raised their target price on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Roth Mkm dropped their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Finally, Wedbush reduced their price objective on Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.58.

Intel Trading Down 1.1 %

Intel stock opened at $30.63 on Tuesday. Intel has a 12 month low of $29.73 and a 12 month high of $51.28. The company has a market capitalization of $130.39 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 14.77 and a beta of 1.06. The business’s fifty day simple moving average is $31.80 and its two-hundred day simple moving average is $40.08. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, equities analysts predict that Intel will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Several large investors have recently bought and sold shares of the stock. Keynote Financial Services LLC acquired a new position in shares of Intel during the first quarter worth about $2,564,000. Cypress Asset Management Inc. TX lifted its stake in Intel by 1.6% in the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock worth $1,015,000 after acquiring an additional 350 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Intel by 4.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 3,050,017 shares of the chip maker’s stock worth $132,921,000 after acquiring an additional 122,473 shares in the last quarter. Cacti Asset Management LLC lifted its holdings in Intel by 2.2% during the 1st quarter. Cacti Asset Management LLC now owns 71,100 shares of the chip maker’s stock worth $3,140,000 after buying an additional 1,550 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Intel during the 1st quarter worth about $233,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.