The stock of Intel Corp. (NASDAQ:INTC) last traded at $41.83, down -1.74% from the previous session.
INTC stock price is now -5.52% away from the 50-day moving average and 6.30% away from the 200-day moving average. The market capitalization of the company currently stands at $176.86B.
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 $1.31 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 $1.19 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 $204.15B, which is based on a 108.42 price-to-earnings ratio, a 2.52 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for INTC is $44.27 and a two-hundred day moving average price translates $39.35 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 $11.75B in revenue.
