Sanford C. Bernstein set a $34.00 target price on Intel (NASDAQ:INTC) in a report published on Wednesday, January 10th. The firm currently has a sell rating on the chip maker’s stock.
INTC has been the topic of a number of other reports. Royal Bank of Canada reiterated a sector perform rating and set a $40.00 target price (up from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reiterated a buy rating and set a $50.00 target price on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reiterated a buy rating and set a $43.00 target price on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reiterated a buy rating and set a $45.00 target price on shares of Intel in a research report on Friday, October 27th. Finally, Zacks Investment Research cut Intel from a buy rating to a hold rating in a report on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $44.78.
Intel (INTC) traded up $1.12 during trading on Wednesday, hitting $44.26. The company had a trading volume of 8,925,738 shares, compared to its average volume of 35,270,000. 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 12-month low of $33.23 and a 12-month high of $47.64. The stock has a market capitalization of $207,090.00, a P/E ratio of 15.53, a PEG ratio of 1.56 and a beta of 1.06.
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, beating the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s revenue for the quarter 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. research analysts expect that Intel will post 3.25 EPS for the current fiscal year.
In other news, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the completion of the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders have sold 1,487,054 shares of company stock valued at $65,800,132 over the last 90 days. 0.08% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Searle & CO. purchased a new position in Intel in the fourth quarter valued at about $265,000. National Pension Service boosted its holdings in Intel by 3.2% in the fourth quarter. National Pension Service now owns 3,858,001 shares of the chip maker’s stock valued at $178,085,000 after purchasing an additional 120,612 shares during the last quarter. RNC Capital Management LLC boosted its holdings in Intel by 2.1% in the fourth quarter. RNC Capital Management LLC now owns 845,639 shares of the chip maker’s stock valued at $39,035,000 after purchasing an additional 17,632 shares during the last quarter. Asset Dedication LLC boosted its holdings in Intel by 16.5% in the fourth quarter. Asset Dedication LLC now owns 42,548 shares of the chip maker’s stock valued at $1,963,000 after purchasing an additional 6,019 shares during the last quarter. Finally, Graybill Bartz & Assoc Ltd. purchased a new position in Intel in the fourth quarter valued at about $3,210,000. 67.56% of the stock is owned by institutional investors.
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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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