Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued on Thursday, January 4th. They currently have a $53.00 price target on the chip maker’s stock. B. Riley’s price objective points to a potential upside of 7.90% from the stock’s previous close.
Several other analysts have also issued reports on INTC. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, September 6th. Canaccord Genuity restated a “hold” rating and set a $38.00 target price on shares of Intel in a research report on Monday, September 11th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Intel in a research report on Thursday, September 14th. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target for the company. in a research report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average price target of $49.10.
Shares of Intel (NASDAQ INTC) opened at $49.12 on Thursday. Intel has a 12 month low of $33.23 and a 12 month high of $50.85. The company has a market cap of $228,340.00, a P/E ratio of 24.64, a PEG ratio of 1.70 and a beta of 1.06. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. The firm 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 24.33%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. research analysts anticipate that Intel will post 3.5 EPS for the current fiscal year.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Insiders sold a total of 909,632 shares of company stock valued at $40,264,998 over the last ninety days. 0.08% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Vanguard Group Inc. lifted its holdings in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Capital World Investors lifted its holdings in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital Research Global Investors lifted its holdings in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after purchasing an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Intel by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after purchasing an additional 502,225 shares in the last quarter. 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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