In yesterday’s Wall Street session, Intel Corp. (NASDAQ:INTC) shares traded at $42.71, up 0.16% from the previous session.
INTC stock price is now -4.64% away from the 50-day moving average and 9.33% away from the 200-day moving average. The market capitalization of the company currently stands at $180.58B.
With the price target reduced from $45 to $40, Wedbush maintained Neutral rating for Intel Corp. (NASDAQ: INTC). On January 26, 2024, Truist reiterated its ‘Hold’ rating on the stock by increasing its target price from $47 to quote $45, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, GELSINGER PATRICK P, CEO bought 2,800 shares of the company’s stock on Feb 01 ’24. The stock was bought for $119,671 at an average price of $42.74. Upon completion of the transaction, the CEO now directly owns 31,275 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, CEO GELSINGER PATRICK P bought 3,000 shares of the business’s stock. A total of $130,083 was incurred on buying the stock at an average price of $43.36. This leaves the insider owning 28,475 shares of the company worth $1.22 million. 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 $26.85 and a high of $51.28. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 1.54, and a quick ratio of 1.15. According to the stock market information, the enterprise value for the company is $204.82B, which is based on a 110.71 price-to-earnings ratio, a 2.57 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for INTC is $44.71 and a two-hundred day moving average price translates $39.12 for the stock.
The latest earnings results from Intel Corp. (NASDAQ: INTC) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.41 by 0.09. This compares to -$0.17 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 $15.41 billion for the quarter, compared to $14.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.71 percent. For the current quarter, analysts expect INTC to generate $11.71B in revenue.
Intel Corp.(INTC) 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. It also offers silicon devices and software products; and optimization solutions for workloads, such as AI, cryptography, security, storage, networking, and leverages various features supporting diverse compute environments. In addition, the company develops and deploys advanced driver assistance systems (ADAS), and autonomous driving technologies and solutions; and provides advanced process technologies backed by an ecosystem of IP, EDA, and design services, as well as systems of chips, including advanced packaging technologies, software and accelerate bring-up, and integration of chips and driving standards. Further, it delivers and deploys intelligent edge platforms that allow developers to achieve agility and drive automation using AI for efficient operations with data integrity, as well as provides hardware and software platforms, tools, and ecosystem partnerships for digital transformation from the cloud to edge. The company serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. It has a strategic agreement with Synopsys, Inc. to develop EDA and IP solutions; and ARM that enables chip designers to build optimized compute SoCs on the Intel 18A process. Intel Corporation was incorporated in 1968 and is headquartered in Santa Clara, California.
