Susquehanna Cuts Intel (NASDAQ:INTC) Price Target to $40.00

Intel (NASDAQ:INTC - Get Free Report) had its price objective decreased by analysts at Susquehanna from $42.00 to $40.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the chip maker's stock. Susquehanna's target price points to a potential upside of 12.11% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Wedbush reaffirmed a "neutral" rating and set a $40.00 target price on shares of Intel in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Intel from $48.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 9th. TD Cowen cut their target price on shares of Intel from $45.00 to $42.00 and set a "market perform" rating on the stock in a research note on Friday, January 26th. UBS Group lifted their target price on shares of Intel from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, April 1st. Finally, Benchmark reaffirmed a "buy" rating and set a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $42.62.

Intel Trading Down 1.6 %

Shares of INTC stock traded down $0.58 during mid-day trading on Wednesday, reaching $35.68. The stock had a trading volume of 41,140,963 shares, compared to its average volume of 46,921,805. The stock's 50-day moving average price is $42.18 and its two-hundred day moving average price is $42.35. Intel has a 52-week low of $26.85 and a 52-week high of $51.28. The firm has a market capitalization of $150.86 billion, a PE ratio of 91.49, a price-to-earnings-growth ratio of 3.21 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 (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts expect that Intel will post 0.62 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company's stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 31,275 shares of the company's stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Group LLC boosted its position in shares of Intel by 44.0% during the first quarter. Cornerstone Wealth Group LLC now owns 31,853 shares of the chip maker's stock worth $1,407,000 after acquiring an additional 9,734 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Intel by 9.1% during the first quarter. New Mexico Educational Retirement Board now owns 236,770 shares of the chip maker's stock worth $10,458,000 after acquiring an additional 19,700 shares during the last quarter. Founders Financial Securities LLC boosted its position in shares of Intel by 9.5% during the first quarter. Founders Financial Securities LLC now owns 35,381 shares of the chip maker's stock worth $1,563,000 after acquiring an additional 3,079 shares during the last quarter. Home Federal Bank of Tennessee boosted its position in shares of Intel by 12.3% during the first quarter. Home Federal Bank of Tennessee now owns 21,955 shares of the chip maker's stock worth $970,000 after acquiring an additional 2,409 shares during the last quarter. Finally, Legend Financial Advisors Inc. lifted its position in Intel by 155,890.9% during the first quarter. Legend Financial Advisors Inc. now owns 17,159 shares of the chip maker's stock valued at $758,000 after purchasing an additional 17,148 shares during the last quarter. 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.