Intel (NASDAQ:INTC) Lifted to Buy at Mizuho

Intel (NASDAQ:INTC) was upgraded by investment analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Briefing.com reports. The brokerage currently has a $50.00 price target on the chip maker’s stock, up from their prior price target of $37.00. Mizuho’s price target suggests a potential upside of 23.12% from the stock’s current price.

INTC has been the subject of several other research reports. Susquehanna increased their target price on shares of Intel from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, October 27th. TD Cowen increased their price target on shares of Intel from $31.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Robert W. Baird increased their price target on shares of Intel from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Finally, Barclays increased their price target on shares of Intel from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.53.

Intel Trading Up 3.0 %

Shares of INTC opened at $40.61 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. Intel has a 12-month low of $24.73 and a 12-month high of $40.84. The firm has a 50-day moving average price of $36.49 and a 200 day moving average price of $34.15. The firm has a market capitalization of $171.21 billion, a P/E ratio of -101.52, a P/E/G ratio of 14.24 and a beta of 0.88.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.20. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.57 billion. Intel had a negative net margin of 3.11% and a positive return on equity of 0.49%. Intel’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. Sell-side analysts forecast that Intel will post 0.19 EPS for the current year.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 6,775 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average cost of $36.80 per share, for a total transaction of $249,320.00. Following the transaction, the chief executive officer now directly owns 25,475 shares in the company, valued at approximately $937,480. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INTC. Glass Jacobson Investment Advisors llc acquired a new position in Intel in the 2nd quarter valued at about $25,000. Cornerstone Planning Group LLC acquired a new position in Intel in the 2nd quarter valued at about $25,000. Your Advocates Ltd. LLP grew its holdings in Intel by 396.4% in the 2nd quarter. Your Advocates Ltd. LLP now owns 819 shares of the chip maker’s stock valued at $27,000 after buying an additional 654 shares during the period. Lumature Wealth Partners LLC grew its holdings in Intel by 146.7% in the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after buying an additional 490 shares during the period. Finally, Legacy Financial Group LLC purchased a new stake in Intel in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 60.84% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.