Wedbush Has Negative Forecast for Intel FY2025 Earnings

Intel Co. (NASDAQ:INTC) – Stock analysts at Wedbush reduced their FY2025 earnings estimates for Intel in a research note issued on Monday, January 27th. Wedbush analyst M. Bryson now forecasts that the chip maker will earn $0.44 per share for the year, down from their previous estimate of $0.72. The consensus estimate for Intel’s current full-year earnings is ($0.87) per share.

A number of other research analysts also recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Northland Securities dropped their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Finally, Truist Financial upped their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $27.88.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.80 on Wednesday. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $21.14 and a two-hundred day moving average price of $22.76.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction 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 company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Savant Capital LLC grew its stake in Intel by 62.3% during the fourth quarter. Savant Capital LLC now owns 232,918 shares of the chip maker’s stock worth $4,670,000 after purchasing an additional 89,437 shares during the period. Angeles Wealth Management LLC grew its position in shares of Intel by 5.7% during the 4th quarter. Angeles Wealth Management LLC now owns 12,520 shares of the chip maker’s stock worth $251,000 after buying an additional 676 shares during the period. Compass Financial Services Inc bought a new stake in shares of Intel in the 4th quarter valued at $54,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Intel during the 4th quarter valued at $100,000. Finally, Kestra Private Wealth Services LLC boosted its stake in Intel by 9.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 154,098 shares of the chip maker’s stock worth $3,090,000 after acquiring an additional 13,192 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel 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.