Intel (NASDAQ:INTC) Stock Rating Reaffirmed by Needham & Company LLC

Intel (NASDAQ:INTC - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Needham & Company LLC in a note issued to investors on Friday, Benzinga reports.

Several other analysts also recently issued reports on INTC. Barclays lifted their target price on Intel from $32.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 16th. Wedbush reiterated a "neutral" rating and issued a $40.00 target price on shares of Intel in a research report on Wednesday, April 17th. Morgan Stanley lifted their price objective on Intel from $39.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Bank of America cut their target price on shares of Intel from $50.00 to $44.00 and set a "neutral" rating for the company in a report on Friday, April 12th. Finally, Raymond James lowered their price objective on shares of Intel from $54.00 to $52.00 and set an "outperform" rating for the company in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $39.75.

Intel Price Performance

Shares of INTC traded down $3.23 during mid-day trading on Friday, reaching $31.88. The stock had a trading volume of 119,590,954 shares, compared to its average volume of 48,144,715. The business has a fifty day moving average of $40.88 and a 200 day moving average of $42.23. 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 firm has a market cap of $134.79 billion, a price-to-earnings ratio of 81.75, a PEG ratio of 3.13 and a beta of 1.00. Intel has a 12 month low of $26.85 and a 12 month high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company 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 posted $0.10 EPS. Intel's quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that Intel will post 0.6 EPS for the current year.

Insider Transactions at Intel

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

Institutional Trading of Intel

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Intel during the 4th quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD grew its holdings in Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker's stock valued at $1,878,572,000 after purchasing an additional 31,575,084 shares during the period. California Public Employees Retirement System increased its position in shares of Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker's stock valued at $807,757,000 after buying an additional 8,140,835 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Intel by 18.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker's stock worth $1,376,520,000 after buying an additional 6,064,950 shares during the period. Finally, Wellington Management Group LLP grew its stake in Intel by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker's stock valued at $1,228,752,000 after acquiring an additional 5,217,549 shares during the period. 64.53% of the stock is owned by hedge funds and other 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.