Intel (NASDAQ:INTC) Stock Rating Upgraded by StockNews.com

Intel (NASDAQ:INTCGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

A number of other analysts have also weighed in on INTC. JPMorgan Chase & Co. set a $64.00 price objective on shares of Intel in a research note on Thursday, January 27th. Truist Financial dropped their price target on shares of Intel from $53.00 to $49.00 in a research report on Friday, April 8th. Mizuho dropped their price target on shares of Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Bank of America dropped their price target on shares of Intel from $55.00 to $52.00 and set an “underperform” rating on the stock in a research report on Thursday, January 27th. Finally, Sanford C. Bernstein set a $40.00 price target on shares of Intel in a research report on Tuesday, February 15th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.61.

NASDAQ INTC opened at $46.54 on Thursday. The company has a fifty day simple moving average of $47.57 and a two-hundred day simple moving average of $49.92. The stock has a market cap of $190.29 billion, a P/E ratio of 9.58, a P/E/G ratio of 1.74 and a beta of 0.55. Intel has a 12-month low of $43.63 and a 12-month high of $60.00. The company has a current ratio of 2.10, a quick ratio of 1.71 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The chip maker reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The business had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $18.36 billion. Intel had a net margin of 25.14% and a return on equity of 25.52%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. As a group, sell-side analysts forecast that Intel will post 3.49 earnings per share for the current year.

In other news, EVP Steven Ralph Rodgers sold 3,863 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $48.81, for a total value of $188,553.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 5,600 shares of Intel stock in a transaction dated Tuesday, February 22nd. The stock was bought at an average cost of $44.27 per share, for a total transaction of $247,912.00. The disclosure for this purchase can be found here. 0.02% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Intel by 2.1% in the 4th quarter. BlackRock Inc. now owns 331,347,190 shares of the chip maker’s stock valued at $17,064,379,000 after acquiring an additional 6,936,922 shares during the period. State Street Corp raised its stake in shares of Intel by 3.7% in the 4th quarter. State Street Corp now owns 177,117,083 shares of the chip maker’s stock valued at $9,121,530,000 after acquiring an additional 6,279,484 shares during the period. Geode Capital Management LLC increased its stake in Intel by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 78,100,727 shares of the chip maker’s stock worth $4,013,364,000 after buying an additional 1,554,610 shares during the period. Bank of New York Mellon Corp increased its stake in Intel by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 41,547,519 shares of the chip maker’s stock worth $2,213,654,000 after buying an additional 1,756,206 shares during the period. Finally, Norges Bank purchased a new stake in Intel during the 4th quarter worth approximately $2,080,248,000. 61.73% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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