Mizuho Cuts Intel (NASDAQ:INTC) Price Target to $45.00

Intel (NASDAQ:INTC) had its price objective cut by analysts at Mizuho from $55.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the chip maker’s stock. Mizuho’s target price suggests a potential upside of 41.15% from the stock’s previous close.

Several other brokerages also recently issued reports on INTC. Barclays increased their price objective 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. Wedbush reissued a “neutral” rating and set a $40.00 price objective on shares of Intel in a research report on Wednesday, April 17th. Citigroup lowered their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Friday. Finally, The Goldman Sachs Group increased their price objective on shares of Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.75.

Intel Stock Down 9.2 %

Shares of NASDAQ:INTC opened at $31.88 on Friday. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. 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 company has a market capitalization of $134.79 billion, a PE ratio of 33.21, a PEG ratio of 2.89 and a beta of 1.00. The company has a 50 day moving average price of $40.88 and a two-hundred day moving average price of $42.27.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts forecast that Intel will post 0.6 earnings per share for the current year.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were bought 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 owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently bought and sold shares of INTC. CX Institutional raised its position in shares of Intel by 13.4% in the 3rd quarter. CX Institutional now owns 20,985 shares of the chip maker’s stock valued at $746,000 after buying an additional 2,474 shares in the last quarter. Simplicity Solutions LLC raised its position in shares of Intel by 45.5% in the 3rd quarter. Simplicity Solutions LLC now owns 111,005 shares of the chip maker’s stock valued at $3,946,000 after buying an additional 34,739 shares in the last quarter. Connecticut Wealth Management LLC raised its position in shares of Intel by 7.3% in the 3rd quarter. Connecticut Wealth Management LLC now owns 12,751 shares of the chip maker’s stock valued at $453,000 after buying an additional 872 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Intel by 5.6% in the 3rd quarter. Ballentine Partners LLC now owns 53,308 shares of the chip maker’s stock valued at $1,895,000 after buying an additional 2,806 shares in the last quarter. Finally, TFG Advisers LLC raised its position in shares of Intel by 2.8% in the 3rd quarter. TFG Advisers LLC now owns 14,521 shares of the chip maker’s stock valued at $516,000 after buying an additional 391 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

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.