Intel (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by analysts at Mizuho in a research note issued on Tuesday, December 26th, MarketBeat Ratings reports. They currently have a $47.00 price objective on the chip maker’s stock. Mizuho’s price objective would suggest a potential upside of 8.27% from the company’s current price.
INTC has been the topic of several other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.78.
Shares of Intel (INTC) opened at $43.41 on Tuesday. The company has a market capitalization of $203,160.00, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. 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 has a 12 month low of $33.23 and a 12 month high of $47.64.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping 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 had a return on equity of 22.65% and a net margin of 22.31%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. equities research 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 stock in a transaction dated Monday, October 30th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of INTC. Janus Henderson Group PLC boosted its holdings in Intel by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after acquiring an additional 20,050,088 shares in the last quarter. Capital Research Global Investors boosted its holdings in Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after acquiring an additional 10,744,753 shares in the last quarter. Capital World Investors boosted its holdings in Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after acquiring an additional 10,257,260 shares in the last quarter. Capital International Investors bought a new position in Intel in the third quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. boosted its holdings in Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after acquiring an additional 8,087,302 shares in the last quarter. Hedge funds and other 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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