Intel (NASDAQ:INTC) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday, January 10th. The brokerage presently has a $49.90 price target on the chip maker’s stock. Vetr‘s price target suggests a potential upside of 12.08% from the stock’s current price.
A number of other brokerages have also weighed in on INTC. Mizuho restated a “buy” rating and set a $47.00 price objective on shares of Intel in a research note on Tuesday, December 26th. BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity boosted their price objective on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Barclays reaffirmed a “buy” rating and set a $55.00 target price on shares of Intel in a research note on Monday, November 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.10.
Intel (NASDAQ INTC) opened at $44.52 on Wednesday. The firm has a market capitalization of $208,350.00, a PE ratio of 22.48, a P/E/G ratio of 1.56 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. Intel has a 12-month low of $33.23 and a 12-month high of $50.85.
Intel (NASDAQ:INTC) last released its quarterly earnings data 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 company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. analysts predict that Intel will post 3.51 EPS for the current fiscal year.
In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total value of $880,610.22. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Navin Shenoy sold 716 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total value of $35,263.00. Following the completion of the transaction, the executive vice president now directly owns 21,135 shares of the company’s stock, valued at approximately $1,040,898.75. The disclosure for this sale can be found here. Insiders have sold a total of 931,253 shares of company stock valued at $41,320,793 in the last three months. 0.08% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Goodman Financial Corp bought a new stake in Intel during the 4th quarter worth approximately $102,000. Financial Engines Advisors L.L.C. bought a new stake in Intel during the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC grew 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 worth $121,000 after acquiring an additional 1,900 shares during the last quarter. Delphi Private Advisors LLC grew its position in Intel by 286.1% during the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after acquiring an additional 2,157 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew 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 worth $147,000 after acquiring an additional 1,233 shares during the last quarter. Institutional investors own 67.43% 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).
To view Vetr’s full report, visit Vetr’s official website.
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