JPMorgan Chase & Co. Reiterates “$53.00” Price Target for Intel (NASDAQ:INTC)

Intel (NASDAQ:INTC) received a $53.00 target price from analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, January 4th. The brokerage presently has a “buy” rating on the chip maker’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 5.83% from the stock’s current price.

INTC has been the subject of a number of other reports. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, September 6th. Stifel Nicolaus upped their price target on shares of Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the company a “sell” rating in a research note on Friday, October 27th. Instinet increased their target price on shares of Intel to $50.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 target price for the company. in a research note on Tuesday, January 2nd. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.56.

Shares of Intel (INTC) opened at $50.08 on Thursday. The firm has a market cap of $234,370.00, a P/E ratio of 25.29, a PEG ratio of 1.63 and a beta of 1.06. Intel has a one year low of $33.23 and a one year high of $50.15. 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 results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.35%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. research analysts anticipate that Intel will post 3.3 earnings per share for the current year.

In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 899,330 shares of company stock valued at $39,756,276. 0.08% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in INTC. Comerica Securities Inc. increased its stake in shares of Intel by 450.2% during the 1st quarter. Comerica Securities Inc. now owns 123,464 shares of the chip maker’s stock worth $4,453,000 after purchasing an additional 101,026 shares during the last quarter. InterOcean Capital LLC increased its stake in shares of Intel by 2.7% during the 1st quarter. InterOcean Capital LLC now owns 342,196 shares of the chip maker’s stock worth $12,343,000 after purchasing an additional 8,939 shares during the last quarter. Hayek Kallen Investment Management increased its stake in shares of Intel by 0.7% during the 1st quarter. Hayek Kallen Investment Management now owns 130,740 shares of the chip maker’s stock worth $4,716,000 after purchasing an additional 952 shares during the last quarter. Good Life Advisors LLC increased its stake in shares of Intel by 87.7% during the 1st quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock worth $378,000 after purchasing an additional 4,848 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Intel by 69.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock worth $333,000 after purchasing an additional 3,778 shares during the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.

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About Intel

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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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