Intel (NASDAQ:INTC) PT Lowered to $35.00 at Susquehanna

Intel (NASDAQ:INTC) had its price objective dropped by equities research analysts at Susquehanna from $40.00 to $35.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the chip maker’s stock. Susquehanna’s target price points to a potential upside of 9.79% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Citigroup cut their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Benchmark restated a “buy” rating and issued a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.75.

Intel Stock Down 9.2 %

Shares of NASDAQ INTC opened at $31.88 on Friday. The stock has a market cap of $134.79 billion, a P/E ratio of 33.21, a PEG ratio of 2.89 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The business’s fifty day simple moving average is $40.88 and its 200-day simple moving average is $42.27.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. As a group, equities analysts predict that Intel will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 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 purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated 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 purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intel

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Intel by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock worth $19,385,842,000 after acquiring an additional 4,678,169 shares in the last quarter. Capital International Investors boosted its stake in shares of Intel by 0.3% during the 4th quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock worth $4,855,099,000 after acquiring an additional 318,495 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Intel by 0.6% during the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after acquiring an additional 475,636 shares in the last quarter. Norges Bank purchased a new stake in shares of Intel during the 4th quarter worth approximately $2,424,202,000. Finally, Northern Trust Corp boosted its stake in shares of Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after acquiring an additional 1,626,127 shares in the last quarter. Hedge funds and other 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.