Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reiterated by stock analysts at Royal Bank of Canada in a research report issued on Friday, January 26th. They currently have a $46.00 price objective on the chip maker’s stock. Royal Bank of Canada’s target price suggests a potential upside of 3.46% from the company’s previous close.
Several other brokerages also recently issued reports on INTC. Needham & Company LLC increased their price target on Intel from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus increased their price target on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, January 26th. Mizuho reiterated a “buy” rating and issued a $52.00 price target (up from $47.00) on shares of Intel in a report on Friday, January 26th. Credit Suisse Group raised shares of Intel from a “neutral” rating to an “outperform” rating and set a $55.00 price objective for the company in a research report on Friday, January 26th. They noted that the move was a valuation call. Finally, KeyCorp upped their price objective on shares of Intel from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the stock. Intel has an average rating of “Buy” and a consensus price target of $49.33.
Intel (NASDAQ INTC) opened at $44.46 on Friday. 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 firm has a market capitalization of $208,070.00, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. Intel has a twelve month low of $33.23 and a twelve 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 business had revenue of $17.05 billion during 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 business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. equities research analysts anticipate that Intel will post 3.51 earnings per share for the current fiscal year.
In related news, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $68,474.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’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 transaction of $880,610.22. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The disclosure for this sale can be found here. Insiders have sold 932,755 shares of company stock worth $41,387,752 in the last quarter. Company insiders own 0.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Bank of The West boosted its stake in shares of Intel by 54.3% during the 2nd quarter. Bank of The West now owns 206,035 shares of the chip maker’s stock valued at $6,952,000 after buying an additional 72,481 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of Intel during the 2nd quarter valued at $15,688,000. Arvest Bank Trust Division raised its holdings in shares of Intel by 1.2% during the 2nd quarter. Arvest Bank Trust Division now owns 431,723 shares of the chip maker’s stock valued at $14,566,000 after purchasing an additional 5,124 shares in the last quarter. Union Bankshares Corp raised its holdings in shares of Intel by 1.1% during the 2nd quarter. Union Bankshares Corp now owns 142,238 shares of the chip maker’s stock valued at $4,799,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Peachtree Investment Advisors Inc. raised its holdings in shares of Intel by 1.2% during the 2nd quarter. Peachtree Investment Advisors Inc. now owns 50,972 shares of the chip maker’s stock valued at $1,720,000 after purchasing an additional 625 shares in the last quarter. 67.48% of the stock is owned by hedge funds and other institutional investors.
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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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