Credit Suisse Group reissued their outperform rating on shares of Intel (NASDAQ:INTC) in a research note published on Thursday, January 4th. They currently have a $42.00 price objective on the chip maker’s stock.
Several other analysts have also recently commented on the company. Royal Bank of Canada set a $44.00 price target on Intel and gave the stock a neutral rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the stock a buy rating in a research report on Thursday, January 4th. Sanford C. Bernstein set a $34.00 price target on Intel and gave the stock a sell rating in a research report on Wednesday, January 3rd. Vetr cut Intel from a strong-buy rating to a buy rating and set a $48.80 price target for the company. in a research report on Tuesday, January 2nd. Finally, BidaskClub lowered Intel from a strong-buy rating to a buy rating in a research note on Wednesday, December 27th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $44.78.
Intel (INTC) traded up $0.52 during trading on Thursday, hitting $43.03. The stock had a trading volume of 8,409,007 shares, compared to its average volume of 34,530,000. The stock has a market capitalization of $201,290.00, a PE ratio of 15.10, a PEG ratio of 1.62 and a beta of 1.06. Intel has a 1-year low of $33.23 and a 1-year high of $47.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. equities analysts forecast that Intel will post 3.25 EPS for the current fiscal year.
In related news, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC increased its holdings in shares of Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors increased its holdings in shares of Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the last quarter. Capital International Investors purchased a new position in shares of Intel in the 3rd quarter valued at about $339,563,000. Finally, Vanguard Group Inc. increased its holdings in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during 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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