Intel (NASDAQ:INTC) Given New $30.00 Price Target at The Goldman Sachs Group

Intel (NASDAQ:INTC - Get Free Report) had its target price cut by stock analysts at The Goldman Sachs Group from $34.00 to $30.00 in a report released on Thursday, Benzinga reports. The firm presently has a "sell" rating on the chip maker's stock. The Goldman Sachs Group's price target indicates a potential downside of 0.30% from the company's current price.

Several other analysts also recently weighed in on the company. Truist Financial decreased their target price on Intel from $45.00 to $33.00 and set a "hold" rating for the company in a research note on Friday, April 26th. Mizuho lowered their price objective on shares of Intel from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. Barclays cut their target price on shares of Intel from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, April 26th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, April 26th. Finally, Benchmark reissued a "buy" rating and issued a $62.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $39.62.

Intel Stock Performance

INTC traded up $0.09 during trading on Thursday, hitting $30.09. The stock had a trading volume of 44,969,696 shares, compared to its average volume of 48,537,344. The company has a current ratio of 1.57, a quick ratio of 1.14 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 company has a 50 day simple moving average of $39.12 and a 200-day simple moving average of $42.05. The firm has a market cap of $128.09 billion, a PE ratio of 31.39, a P/E/G ratio of 10.05 and a beta of 1.09.

Insider Activity

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares of the company's stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Slow Capital Inc. raised its holdings in Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker's stock worth $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC raised its position in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker's stock worth $1,272,000 after acquiring an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC acquired a new stake in Intel in the fourth quarter valued at $201,000. Callan Capital LLC grew its position in shares of Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker's stock valued at $884,000 after acquiring an additional 1,474 shares during the period. Finally, Vanguard Capital Wealth Advisors lifted its stake in Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker's stock valued at $1,613,000 after purchasing an additional 574 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

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.