Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by stock analysts at Argus in a research note issued to investors on Friday, January 5th. They currently have a $50.00 target price on the chip maker’s stock. Argus’ price target points to a potential upside of 4.69% from the company’s previous close.
INTC has been the subject of several other research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $38.00 target price on shares of Intel in a research note on Monday, September 11th. Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Intel in a research note on Thursday, September 14th. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective for the company. in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the stock. Intel has a consensus rating of “Buy” and an average price target of $49.10.
Shares of Intel (NASDAQ:INTC) traded down $1.03 on Friday, hitting $47.76. The stock had a trading volume of 11,633,864 shares, compared to its average volume of 39,380,000. Intel has a 52 week low of $33.23 and a 52 week high of $50.85. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $224,690.00, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. research analysts predict that Intel will post 3.5 EPS for the current fiscal year.
In related news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction on Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now directly owns 263,382 shares in the company, valued at $13,011,070.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 909,632 shares of company stock worth $40,264,998 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. PVG Asset Management Corp purchased a new position in shares of Intel during the 1st quarter worth approximately $3,766,000. Fiduciary Trust Co. grew its stake in shares of Intel by 6.7% in the 1st quarter. Fiduciary Trust Co. now owns 750,975 shares of the chip maker’s stock worth $27,088,000 after buying an additional 47,146 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Intel by 8.6% in the 1st quarter. Baker Avenue Asset Management LP now owns 96,588 shares of the chip maker’s stock worth $3,484,000 after buying an additional 7,658 shares during the last quarter. Summit Global Investments grew its stake in shares of Intel by 17.3% in the 1st quarter. Summit Global Investments now owns 8,480 shares of the chip maker’s stock worth $306,000 after buying an additional 1,250 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its stake in shares of Intel by 2.9% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 257,939 shares of the chip maker’s stock worth $9,304,000 after buying an additional 7,252 shares during the last quarter. Institutional investors and hedge funds own 67.56% 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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