Intel (NASDAQ:INTC) has been given a $53.00 target price by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, January 4th. The brokerage presently has a “buy” rating on the chip maker’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 22.57% from the stock’s current price.
A number of other analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 6th. Barclays reissued a “buy” rating and issued a $55.00 price objective on shares of Intel in a report on Monday, November 13th. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective for the company in a report on Wednesday, October 11th. Finally, Goldman Sachs Group set a $43.00 target price on Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.78.
Shares of Intel (INTC) traded down $0.17 during trading on Thursday, reaching $43.24. The company had a trading volume of 29,934,652 shares, compared to its average volume of 35,030,000. Intel has a 52-week low of $33.23 and a 52-week high of $47.64. The firm has a market capitalization of $202,360.00, a PE ratio of 15.17, a P/E/G ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for 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 firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. analysts predict that Intel will post 3.25 EPS for the current fiscal year.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the completion of the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. Insiders sold 1,487,054 shares of company stock valued at $65,800,132 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC raised its position 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 purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Intel by 9.1% during 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 buying an additional 10,744,753 shares in the last quarter. Capital World Investors increased its holdings in shares of Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital International Investors acquired a new stake in shares of Intel during the third quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. increased its holdings in shares of Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Institutional investors and hedge funds 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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