Intel Company (NASDAQ:INTC) has been given a “Hold” rating by thirty analysts who cover the company. Out of the thirty analysts, three have rated the stock as a sell, twenty-two have rated it as hold, and five have assigned a buy rating. The average 12-month target price for the stock among analysts is $39.58.
Several research reports have been published on INTC recently. This includes Jefferies Financial Group initiating coverage with a “hold” rating and a $34.00 price target. Roth Mkm lowered their price target from $45.00 to $35.00 and gave a “neutral” rating. Needham & Company LLC reaffirmed a “hold” rating, while Rosenblatt Securities reaffirmed a “sell” rating with a $17.00 price target. Intel was also upgraded from a “sell” to a “hold” rating in a recent research note.
Intel shares saw a 2.5% increase, opening at $32.02 on Friday. The lowest price in the past 12 months was $29.73, and the highest price was $51.28. The company has a market capitalization of $136.31 billion, a price-to-earnings ratio of 33.35, and a beta of 1.05. Intel last announced its quarterly earnings data on Thursday, April 25th, reporting an EPS of ($0.06) for the quarter. The company had revenue of $12.72 billion, slightly lower than analysts’ estimates.
Intel also disclosed a quarterly dividend, with shareholders receiving $0.125 per share. CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in April and May. Several institutional investors have bought and sold shares in Intel recently, with GSA Capital Partners LLP, Advisors Capital Management LLC, and Financial Gravity Asset Management Inc. increasing their positions.
Intel Corporation designs, develops, manufactures, and sells computing and related products worldwide. Its product portfolio includes CPUs, chipsets, SoCs, mobile and desktop processors, GPUs, FPGAs, and other semiconductor products. The company operates through various segments, including Client Computing Group, Data Center, Network and Edge, Mobileye, and Intel Foundry Services.
In conclusion, Intel has received mixed ratings from analysts, with a consensus of “Hold” for the stock. Despite challenges in the market, Intel continues to innovate and grow its product offerings to meet the evolving needs of consumers and businesses.
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