Intel (NASDAQ:INTC) had its price target upped by investment analysts at Maxim Group to $50.00 in a research report issued on Monday. The brokerage currently has a “buy” rating on the chip maker’s stock. Maxim Group’s target price suggests a potential upside of 15.34% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel in a research note on Thursday, August 31st. Stifel Nicolaus upped their target price on shares of Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Vetr raised shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective on the stock in a research report on Wednesday, October 11th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.86.
Shares of Intel (NASDAQ:INTC) opened at $43.35 on Monday. Intel has a 52 week low of $33.23 and a 52 week high of $47.30. The firm has a market cap of $202,878.00, a P/E ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the prior year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts predict that Intel will post 3.25 earnings per share for the current year.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction dated 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 transaction, the chief executive officer now 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. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 in the last quarter. Insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Shelton Capital Management boosted its position in shares of Intel by 9.2% in the third quarter. Shelton Capital Management now owns 564,249 shares of the chip maker’s stock worth $21,487,000 after acquiring an additional 47,413 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Intel in the third quarter worth approximately $2,631,000. Public Employees Retirement System of Ohio boosted its position in shares of Intel by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 3,481,913 shares of the chip maker’s stock worth $132,591,000 after acquiring an additional 25,771 shares during the last quarter. Coastline Trust Co boosted its position in shares of Intel by 1.6% in the third quarter. Coastline Trust Co now owns 114,892 shares of the chip maker’s stock worth $4,375,000 after acquiring an additional 1,793 shares during the last quarter. Finally, Truepoint Inc. boosted its position in shares of Intel by 3,487.2% in the third quarter. Truepoint Inc. now owns 545,536 shares of the chip maker’s stock worth $546,000 after acquiring an additional 530,328 shares during the last quarter. Institutional investors and hedge funds own 67.69% of the company’s stock.
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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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