Intel (NASDAQ:INTC) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They presently have a $50.05 price target on the chip maker’s stock. Vetr‘s price target points to a potential upside of 11.64% from the stock’s previous close.
INTC has been the subject of several other reports. Stifel Nicolaus lifted their target price on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report 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 report on Friday, October 27th. Instinet lifted their target price on shares of Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $48.00 target price on shares of Intel in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. Intel presently has a consensus rating of “Buy” and an average price target of $49.33.
Shares of Intel (INTC) opened at $44.83 on Tuesday. Intel has a 1 year low of $33.23 and a 1 year high of $50.85. The stock has a market cap of $209,800.00, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 1.49 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 (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same period in the previous year, the business posted $0.79 earnings per share. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. equities research analysts anticipate that Intel will post 3.51 EPS for the current year.
In other news, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $68,474.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was 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. Insiders sold a total of 932,755 shares of company stock worth $41,387,752 over the last ninety days. Insiders own 0.08% of the company’s stock.
Several large investors have recently added to or reduced their stakes in INTC. Vanguard Group Inc. boosted its stake in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Capital World Investors boosted its stake in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital Research Global Investors boosted its stake 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 worth $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $1,941,934,000 after purchasing an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake 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 worth $990,439,000 after purchasing an additional 502,225 shares in the last quarter. 67.48% of the stock is currently owned by hedge funds and other 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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