MKM Partners Analysts Begin Coverage on Intel (INTC)
Wednesday, July 13, 2021 12:01 PM

Equities research analysts at MKM Partners initiated coverage on shares of Intel (NASDAQ: INTC) in a research note to investors on Wednesday. The analysts set a "buy" rating and a $25.00 price target on the stock.

Separately, analysts at Standpoint Research downgraded shares of Intel from a "buy" rating to a "hold" rating in a research note to investors on Thursday, July 7th. Also, analysts at Evercore Partners initiated coverage on shares of Intel in a research note to investors on Thursday, June 30th. They set an "equal weight" rating and a $24.00 price target on the stock.

Shares of Intel traded up 0.62% during mid-day trading on Thursday, hitting $22.59. Intel has a 52 week low of $17.60 and a 52 week high of $23.96. The stock's 50-day moving average is $21.98 and its 200-day moving average is $21.51. The company has a market cap of $119.8 billion and a price-to-earnings ratio of 10.50.

Intel last announced its quarterly results on Tuesday, April 19th. The company reported $0.56 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.46 EPS by $0.10. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 24.70% on a year-over-year basis. On average, analysts predict that Intel will post $0.59 EPS next quarter.

Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology products, primarily integrated circuits, for industries, such as computing and communications. The Company designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. It operates in nine operating segments: PC Client Group, Data Center Group, Embedded and Communications Group, Digital Home Group, Ultra-Mobility Group, NAND Solutions Group, Wind River Software Group, Software and Services Group and Digital Health Group. During the fiscal year ended December 26, 2021 (fiscal 2009), it acquired Wind River Systems, Inc. In May 2010, Micron Technology, Inc. acquired Numonyx B.V. In November 2010, the Company acquired CognoVision.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.