Intel

Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/02/2024 17.97% Cantor Fitzgerald → $50 Reiterates Neutral → Neutral 01/29/2024 13.25% Morgan Stanley $39 → $48 Maintains Equal-Weight 01/29/2024 -7.99% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 29.76% Mizuho $58 → $55 Maintains Buy 01/26/2024 46.28% Benchmark $52 → $62 Maintains Buy 01/26/2024 -59.89% Rosenblatt → $17 Reiterates Sell → Sell 01/26/2024 -7.99% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 13.25% Wells Fargo $52 → $48 Maintains Equal-Weight 01/26/2024 -5.63% Wedbush $45 → $40 Maintains Neutral 01/26/2024 22.68% Raymond James $54 → $52 Maintains Outperform 01/26/2024 — Needham Downgrades Buy → Hold 01/26/2024 — Summit Insights Group Downgrades Buy → Hold 01/23/2024 -59.89% Rosenblatt → $17 Reiterates Sell → Sell 01/23/2024 17.97% Cantor Fitzgerald → $50 Initiates Coverage On → Neutral 01/19/2024 27.4% Raymond James $48 → $54 Maintains […]

Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -9.24% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 28% Mizuho $58 → $55 Maintains Buy 01/26/2024 44.29% Benchmark $52 → $62 Maintains Buy 01/26/2024 -60.44% Rosenblatt → $17 Reiterates Sell → Sell 01/26/2024 -9.24% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 11.71% Wells Fargo $52 → $48 Maintains Equal-Weight 01/26/2024 -6.91% Wedbush $45 → $40 Maintains Neutral 01/26/2024 21.01% Raymond James $54 → $52 Maintains Outperform 01/26/2024 — Needham Downgrades Buy → Hold 01/26/2024 — Summit Insights Group Downgrades Buy → Hold 01/23/2024 -60.44% Rosenblatt → $17 Reiterates Sell → Sell 01/23/2024 16.36% Cantor Fitzgerald → $50 Initiates Coverage On → Neutral 01/19/2024 25.67% Raymond James $48 → $54 Maintains Outperform 01/18/2024 -2.26% Susquehanna $38 → $42 Maintains Neutral 01/16/2024 2.4% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 53.6%

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We trim our 12-month target to $45 from $50, on P/E of 18.8x our ’25 EPS view, near peers/above historical. We adjust our ’24 EPS to $1.45 from $1.94 and ’25 to $2.40 from $2.69. INTC posts Q4 EPS of $0.54 vs. $0.15, beating the $0.45 consensus. Revenue rose 10%, above our view, as growth in Client Computing (+33%) was partly offset by declines in Data Center and AI (-10%) as well as Network and Edge (-24%). Gross margin expanded 5 percentage points to 48.8%, on cost efficiencies and improving utilization. Soft Q1 sales/margin guide ($12.7B/44.5% at mid-point; consensus at $14.2B/45.1%) reflects greater-than-expected seasonality as well as PSG/Mobileye/foundry weakness, but we think competitive pressures/wallet share loss remain a major issue within data center servers. We like prospects

Rosenblatt analyst Hans Mosesmann reiterates Intel with a Sell and maintains $17 price target.

Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 26.06% Mizuho $58 → $55 Maintains Buy 01/26/2024 42.1% Benchmark $52 → $62 Maintains Buy 01/26/2024 -61.04% Rosenblatt → $17 Reiterates Sell → Sell 01/26/2024 -10.61% Goldman Sachs $34 → $39 Maintains Sell 01/26/2024 10.02% Wells Fargo $52 → $48 Maintains Equal-Weight 01/26/2024 -8.32% Wedbush $45 → $40 Maintains Neutral 01/26/2024 19.18% Raymond James $54 → $52 Maintains Outperform 01/26/2024 — Needham Downgrades Buy → Hold 01/26/2024 — Summit Insights Group Downgrades Buy → Hold 01/23/2024 -61.04% Rosenblatt → $17 Reiterates Sell → Sell 01/23/2024 14.6% Cantor Fitzgerald → $50 Initiates Coverage On → Neutral 01/19/2024 23.77% Raymond James $48 → $54 Maintains Outperform 01/18/2024 -3.74% Susquehanna $38 → $42 Maintains Neutral 01/16/2024 0.85% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 51.27% Tigress Financial $46 → $66 Maintains Buy 01/02/2024 3.14%

On the heels of Intel’s tepid 1Q sales guidance, Needham downgrades shares of the chip maker to hold from buy. In a research note, Needham says Intel’s current elevated valuation, reduced revenue estimates, increasing competition in core and non-core markets and distant Intel Foundry Services revenue contributions are all setting up for a more difficult road ahead. Needham says that even after Intel’s after-hours selloff, its valuation topping 20x the firm’s reduced 2025 EPS estimate isn’t compelling compared to faster growing AI peers. Intel down more than 9% premarket to $44.69.

The following is a summary of the Intel Corporation (INTC) Q4 2023 Earnings Call Transcript: Financial Performance: Intel reported Q4 revenue of $15.4 billion, up 9% sequentially and 10% year-over-year, with a gross margin of 48.8%. Earnings per Share (EPS) was $.54 for the quarter, reflecting successful cost and operational management. Intel’s operating cash flow for Q4 was $4.6 billion, demonstrating good liquidity. CCG generated revenue of $8.8 billion, a year-on-year increase of 33%. DCAI revenue stood at $4 billion, with Mobileye contributing a record revenue of $637 million. Business Progress: Progress on IDM 2.0 strategy saw Intel taking significant steps towards their 2023 financial commitments amid macroeconomic headwinds. The Client Computing Group saw a boom in gaming and commercial segments and achieved record notebook shipments. Server business under DCAI experienced double-digit growth sequentially. Mobileye design wins are anticipated to bring in over $7 billion of future revenue. Intel plans

Intel Corp (NASDAQ:INTC) shares tanked in early trading on Friday, despite the company reporting stronger-than-expected sales and earnings for its fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Needham On Intel Analyst Quinn Bolton downgraded the rating from Buy to Hold. Intel unexpectedly reset its first-quarter earnings guidance and its core data center segment continues to face challenges, Bolton said in a note. “After a string of success, it seems the easy part of the turnaround may be over,” the analyst wrote. “We view higher valuation, lower revenue/EPS estimates, increasing competition (in core and non-core markets), and distant IFS revenue all contributing to a tough road ahead,” he added. Wedbush On Intel Analyst Matt Bryson reaffirmed a Neutral rating while reducing the price target from $45 to $40. Although Intel reported strong fourth-quarter results, its first-quarter guidance came in significantly short of expectations, Bryson

Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 — Summit Insights Group Downgrades Buy → Hold 01/23/2024 -61.36% Rosenblatt → $17 Reiterates Sell → Sell 01/23/2024 13.64% Cantor Fitzgerald → $50 Initiates Coverage On → Neutral 01/19/2024 22.73% Raymond James $48 → $54 Maintains Outperform 01/18/2024 -4.55% Susquehanna $38 → $42 Maintains Neutral 01/16/2024 0% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 50% Tigress Financial $46 → $66 Maintains Buy 01/02/2024 2.27% Stifel $38 → $45 Maintains Hold 12/15/2023 13.64% B of A Securities $32 → $50 Upgrades Underperform → Neutral 12/12/2023 9.09% Raymond James $42 → $48 Maintains Outperform 12/05/2023 18.18% Benchmark $42 → $52 Maintains Buy 11/16/2023 13.64% Mizuho $37 → $50 Upgrades Neutral → Buy 10/27/2023 -11.36% Morgan Stanley $35 → $39 Maintains Equal-Weight 10/27/2023 -61.36% Rosenblatt → $17 Reiterates Sell → Sell 10/27/2023 -9.09% Needham

Intel (INTC) late Thursday reported non-GAAP Q4 net income of $0.54 per share, improving on net income of $0.15 per share during the same quarter in 2022. Analysts polled by Capital IQ, on average, had been looking for normalized earnings of $0.45 per share by the chipmaker. Revenue for the three months ended Dec. 31 rose to $15.41 billion, compared with $14.04 billion a year ago. The analyst consensus was for $15.17 billion. Intel is projecting a non-GAAP profit of $0.13 per share on between $12.2 billion to $13.2 billion in revenue for the current quarter ending March 31. The Street sees the company earning $0.32 per share in Q1 on revenue of $14.15 billion. Intel shares slumped more than 10% in premarket activity Friday.

By Asa Fitch Intel gave a tepid outlook for sales in its current quarter, signaling further challenges for its business amid signs that the PC market is starting to recover. The company said sales were $15.4 billion for the fourth quarter, up from $14 billion a year before. Intel also made $2.7 billion of profit, reversing a loss in the year-ago period. For its current quarter, Intel forecast between $12.2 billion and $13.2 billion of sales, higher than the same period last year but behind Wall Street expectations in a survey of analysts by FactSet. Chief Executive Pat Gelsinger said the outlook was affected by factors including a rocky market for a programmable-chip unit that Intel is aiming to IPO and weaker-than-anticipated sales for Mobileye Global, an autonomous driving tech company in which Intel owns a majority stake. Mobileye, which went public in 2022, made $637 million of sales for

Raymond James analyst Srini Pajjuri maintains Intel (NASDAQ:INTC) with a Outperform and lowers the price target from $54 to $52.