Intel (NASDAQ:INTC) has been given a $34.00 price objective by investment analysts at Sanford C. Bernstein in a report released on Wednesday. The brokerage currently has a “sell” rating on the chip maker’s stock. Sanford C. Bernstein’s price target suggests a potential downside of 20.89% from the stock’s current price.
A number of other analysts have also recently weighed in on INTC. Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Intel in a research report on Thursday, September 14th. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $40.00 target price (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $44.78.
Intel (NASDAQ:INTC) traded down $0.64 during mid-day trading on Wednesday, hitting $42.98. 9,152,817 shares of the company were exchanged, compared to its average volume of 33,610,000. 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 has a 1-year low of $33.23 and a 1-year high of $47.64. The firm has a market cap of $201,260.00, a PE ratio of 15.08, a PEG ratio of 1.62 and a beta of 1.06.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter last year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts expect that Intel will post 3.25 earnings per share for the current fiscal year.
In other Intel 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 transaction, the executive vice president now directly owns 110,850 shares in the company, valued at $4,931,716.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. Insiders own 0.08% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. purchased a new stake in shares of Intel in the third quarter worth approximately $119,000. Acrospire Investment Management LLC lifted its position in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Intel in the third quarter worth approximately $158,000. Finally, Family Capital Trust Co lifted its position in shares of Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 67.54% of the company’s stock.
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Intel 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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