Intel Corporation (NASDAQ:INTC) had its price objective boosted by equities research analysts at BMO Capital Markets from $34.00 to $37.00 in a research report issued on Friday, October 27th. The firm currently has a “market perform” rating on the chip maker’s stock. BMO Capital Markets’ price objective indicates a potential downside of 18.82% from the stock’s current price.
INTC has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $30.00 target price (up previously from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on Intel Corporation and gave the company a “sell” rating in a research report on Tuesday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel Corporation in a research report on Friday, October 6th. Hilliard Lyons assumed coverage on Intel Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $43.00.
Intel Corporation (INTC) opened at $45.58 on Friday. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The stock has a market capitalization of $216,684.00, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09.
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, topping analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts forecast that Intel Corporation will post 3.25 earnings per share for the current year.
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In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were 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 in the company, valued at approximately $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 659,036 shares of company stock valued at $28,872,880. Company insiders own 0.08% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Intel Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Capital World Investors increased its stake in shares of Intel Corporation by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Intel Corporation by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Intel Corporation by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock worth $1,707,253,000 after purchasing an additional 177,919 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Intel Corporation by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.
About Intel Corporation
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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