Vetr cut shares of Intel (NASDAQ:INTC) from a strong-buy rating to a buy rating in a report released on Wednesday morning. They currently have $49.51 target price on the chip maker’s stock.
Several other research firms also recently commented on INTC. Mizuho reiterated a buy rating and issued a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. BidaskClub downgraded shares of Intel from a strong-buy rating to a buy rating in a report on Wednesday, December 27th. Canaccord Genuity upped their price objective on shares of Intel from $41.00 to $45.00 and gave the company a hold rating in a report on Friday, November 17th. Barclays reissued a buy rating and issued a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Finally, Stifel Nicolaus reissued a buy rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. Intel currently has an average rating of Buy and a consensus target price of $44.77.
Intel (NASDAQ:INTC) opened at $44.82 on Wednesday. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $47.64. The company has a market cap of $211,360.00, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.61 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 (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. equities research analysts predict that Intel will post 3.25 EPS for the current year.
In other news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the transaction, 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 sold 1,487,054 shares of company stock valued at $65,800,132 in the last ninety days. 0.08% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. acquired a new stake in Intel during the 3rd quarter valued at approximately $119,000. Acrospire Investment Management LLC increased its position in Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its position in Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the period. Winfield Associates Inc. increased its position in Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in Intel during the 3rd quarter valued at approximately $158,000. 67.56% of the stock is owned by institutional investors.
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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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