Intel Corporation (NASDAQ:INTC)‘s stock had its “buy” rating restated by stock analysts at Mizuho in a research report issued to clients and investors on Friday, October 27th. They presently have a $47.00 price target on the chip maker’s stock. Mizuho’s price target points to a potential upside of 3.12% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $39.00 price target on shares of Intel Corporation in a research report on Friday, July 14th. Credit Suisse Group restated a “neutral” rating and set a $35.00 target price on shares of Intel Corporation in a research report on Tuesday, July 4th. ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Intel Corporation in a research report on Friday, July 14th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $43.00.
Shares of Intel Corporation (INTC) traded down $0.72 on Friday, hitting $45.58. The company’s stock had a trading volume of 24,095,300 shares, compared to its average volume of 23,496,832. The company has a market capitalization of $216,684.00, a price-to-earnings ratio of 14.56, a PEG ratio of 1.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. equities analysts forecast that Intel Corporation will post 3.25 EPS for the current year.
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In other Intel Corporation news, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last three months, insiders sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zeke Capital Advisors LLC lifted its stake in Intel Corporation by 88.3% in the third quarter. Zeke Capital Advisors LLC now owns 80,453 shares of the chip maker’s stock worth $3,064,000 after purchasing an additional 37,720 shares during the last quarter. Vision Capital Management Inc. bought a new stake in shares of Intel Corporation during the third quarter valued at approximately $202,000. Amalgamated Bank raised its stake in shares of Intel Corporation by 1.8% during the third quarter. Amalgamated Bank now owns 541,374 shares of the chip maker’s stock valued at $20,616,000 after acquiring an additional 9,705 shares in the last quarter. Farr Miller & Washington LLC DC raised its stake in shares of Intel Corporation by 1.5% during the third quarter. Farr Miller & Washington LLC DC now owns 78,251 shares of the chip maker’s stock valued at $2,980,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of Intel Corporation by 2.3% during the third quarter. Johnson Financial Group Inc. now owns 116,097 shares of the chip maker’s stock valued at $4,421,000 after acquiring an additional 2,564 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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