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

Intel (NASDAQ:INTC) had its target price cut by analysts at Susquehanna from $42.00 to $40.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the chip maker’s stock. Susquehanna’s price target would suggest a potential upside of 14.16% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Truist Financial reissued a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Barclays boosted their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Mizuho cut their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.62.

Intel Stock Down 1.8 %

Shares of INTC opened at $35.04 on Wednesday. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. The firm has a market cap of $148.15 billion, a P/E ratio of 89.85, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The firm’s 50-day simple moving average is $42.03 and its 200 day simple moving average is $42.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 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 business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the business earned $0.10 EPS. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that Intel will post 0.62 earnings per share for the current year.

Insider Transactions at Intel

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Barrett & Company Inc. lifted its stake in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after buying an additional 210 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after buying an additional 216 shares in the last quarter. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in shares of Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares in the last quarter. Finally, Virtue Capital Management LLC lifted its stake in shares of Intel by 3.3% in the fourth quarter. Virtue Capital Management LLC now owns 7,580 shares of the chip maker’s stock valued at $355,000 after buying an additional 245 shares in 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.