Recent Analysts’ Ratings Updates for Intel (INTC)

Several brokerages have updated their recommendations and price targets on shares of Intel (NASDAQ: INTC) in the last few weeks:

• 11/1/2024 – Intel had its price target lowered by analysts at Northland Securities from $42.00 to $28.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Intel had its price target raised by analysts at Mizuho from $22.00 to $23.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Intel had its price target raised by analysts at Robert W. Baird from $20.00 to $25.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Intel had its price target raised by analysts at Truist Financial Co. from $25.00 to $26.00. They now have a “hold” rating on the stock.
• 11/1/2024 – Intel had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/1/2024 – Intel had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 10/29/2024 – Intel had its “sell” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $17.00 price target on the stock.
• 10/25/2024 – Intel had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $25.00 price target on the stock, down previously from $28.00.
• 10/17/2024 – Intel had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $22.00 to $21.00. They now have a “sell” rating on the stock.
• 10/3/2024 – Intel had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $27.00 to $25.00. They now have a “hold” rating on the stock.
• 9/23/2024 – Intel had its “hold” rating reaffirmed by analysts at Benchmark Co..

Intel Stock Performance

NASDAQ INTC opened at $24.20 on Wednesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The stock has a market cap of $104.37 billion, a PE ratio of -6.51 and a beta of 1.03. The firm has a 50-day moving average of $22.91 and a 200-day moving average of $26.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Several institutional investors have recently made changes to their positions in the stock. William B. Walkup & Associates Inc. acquired a new position in shares of Intel in the 2nd quarter valued at approximately $2,178,000. Swiss National Bank raised its position in Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Fortis Group Advisors LLC lifted its stake in Intel by 1,052.9% during the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. increased its stake in shares of Intel by 2,910.4% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after purchasing an additional 27,940 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new position in shares of Intel during the 3rd quarter worth $8,045,000. 64.53% of the stock is currently owned by institutional investors.

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.