Intel Co. Analysts Assign $28.81 Average Price Target

Intel Co. (NASDAQ:INTC) has received a consensus recommendation of "Reduce" from the thirty-two brokerage firms covering the company, according to Marketbeat Ratings. Among these analysts, four have issued a sell rating, while twenty-seven have given a hold recommendation, and one has rated the stock as a buy. The average 12-month price target set by analysts is $27.88.

Recent Analyst Reports

Several equities research analysts have recently published reports concerning Intel's stock. Deutsche Bank Aktiengesellschaft lowered their price target from $27.00 to $25.00 and maintained a "hold" rating, as reported on October 3rd. On January 21st, HSBC upgraded Intel's shares from a "reduce" rating to a "hold" rating. The Goldman Sachs Group also decreased their price target from $22.00 to $21.00 while maintaining a "sell" rating as noted in a report on October 17th. Furthermore, Rosenblatt Securities reiterated their "sell" rating with a target price of $17.00 as per their research note published on October 29th. Lastly, Mizuho reduced their price target from $23.00 to $21.00 and kept a neutral rating in their update published on January 10th.

Current Stock Performance

As of Thursday, the shares of NASDAQ INTC opened at $20.83. The company's 50-day moving average stands at $21.23, while the 200-day moving average is $23.02. Over the past year, Intel's stock has reached a low of $18.51 and a high of $50.30. The company has a market cap of approximately $89.84 billion, with a price-to-earnings ratio of -5.60 and a beta of 1.07.

Financial Highlights

Intel recently released its quarterly earnings results on October 31st. The company reported an earnings per share (EPS) of ($0.46), falling short of the consensus estimate of ($0.02) by ($0.44). Intel's negative net margin stood at 29.42%, and their return on equity was also negative at 1.71%. Revenue for the quarter was reported at $13.30 billion, which exceeded analyst expectations of $13.02 billion; however, it marked a decline of 6.3% compared to the same quarter last year. Analysts are forecasting an EPS of -0.87 for the current fiscal year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel's stock on November 7th, at an average sale price of $26.00. This resulted in a total transaction value of $650,000. Following this sale, the executive vice president holds approximately 273,258 shares in the company, valued at around $7,104,708, indicating an 8.38% reduction in her position. This sale has been disclosed in a legal filing accessible through public records.

Investor Participation

Many hedge funds have been actively adjusting their holdings of Intel shares. William B. Walkup & Associates Inc. purchased a new stake of about $2,178,000 during the second quarter. Geode Capital Management LLC raised its position by 4.6% in the third quarter, now owning over 92.5 million shares worth approximately $2.16 billion. Relyea Zuckerberg Hanson LLC also significantly increased its stake by 211.6% in the fourth quarter, bringing their total holdings to 28,898 shares valued at $579,000. Institutional and hedge funds now collectively represent 64.53% of Intel's stock ownership.

About Intel Corporation

Intel Corporation is a multinational company that designs, manufactures, and sells computing and related products globally. Its various segments include the Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Its product lineup features central processing units (CPUs), chipsets, mobile and desktop processors, graphics processing units (GPUs), memory solutions, and other semiconductor products.

Intel, Stocks, Analysts