The price of Intel Corp. (NASDAQ:INTC) shares last traded on Wall Street fell -3.18% to $42.35.
Based on available information, 42 analysts follow Intel Corp. (NASDAQ:INTC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $56.00 and a low of $17.00, we find $38.00. Given the previous closing price of $43.74, this indicates a potential downside of -13.12 percent. INTC stock price is now 11.63% away from the 50-day moving average and 26.62% away from the 200-day moving average. The market capitalization of the company currently stands at $178.55B.
Among analysts, 26 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $37.95 as their price target over the next twelve months.
With the price target enhanced from $37 to $50, Mizuho Upgraded its rating from Neutral to Buy for Intel Corp. (NASDAQ: INTC).
In other news, GELSINGER PATRICK P, CEO bought 6,775 shares of the company’s stock on Nov 01. The stock was bought for $249,333 at an average price of $36.80. Upon completion of the transaction, the CEO now directly owns 25,475 shares in the company, valued at $1.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21, EVP & GM, CCG Holthaus Michelle Johnston sold 1 shares of the business’s stock. A total of $32 was realized by selling the stock at an average price of $32.41. This leaves the insider owning 193,955 shares of the company worth $8.21 million. Insiders disposed of 225,835 shares of company stock worth roughly $9.56 million over the past 1 year. A total of 0.05% of the company’s stock is owned by insiders.
During the past 12 months, Intel Corp. has had a low of $24.73 and a high of $45.34. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.53, and a quick ratio of 1.13. The fifty day moving average price for INTC is $37.94 and a two-hundred day moving average price translates $33.45 for the stock.
The latest earnings results from Intel Corp. (NASDAQ: INTC) was released for Sep, 2023. According to the Semiconductors Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.22 by 0.19. This compares to $0.25 EPS in the same period last year. The net profit margin was -3.11% and return on equity was -1.63% for INTC. The company reported revenue of $14.16 billion for the quarter, compared to $15.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.69 percent. For the current quarter, analysts expect INTC to generate $15.15B in revenue.
