Intel (NASDAQ:INTC)‘s stock had its “buy” rating reissued by analysts at Bank of America in a research report issued to clients and investors on Wednesday. They currently have a $65.00 price target on the chip maker’s stock. Bank of America’s target price would suggest a potential upside of 24.47% from the stock’s current price.
INTC has been the subject of several other research reports. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the company a “sell” rating in a research note on Wednesday, January 10th. Needham & Company LLC increased their price target on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 26th. SunTrust Banks reissued a “hold” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, January 26th. Vetr cut shares of Intel from a “buy” rating to a “hold” rating and set a $54.70 price target for the company. in a research note on Wednesday. Finally, Wells Fargo reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. Intel has a consensus rating of “Buy” and a consensus target price of $51.10.
Shares of NASDAQ INTC opened at $52.22 on Wednesday. Intel has a 12-month low of $33.23 and a 12-month high of $54.35. The stock has a market cap of $250,804.58, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the prior year, the company earned $0.79 EPS. Intel’s revenue was up 4.1% compared to the same quarter last year. equities analysts forecast that Intel will post 3.54 earnings per share for the current year.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navin Shenoy sold 2,155 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the transaction, the executive vice president now directly owns 20,933 shares in the company, valued at $955,172.79. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock worth $6,011,490 over the last three months. 0.03% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Goodman Financial Corp purchased a new stake in shares of Intel in the fourth quarter valued at about $102,000. Virtue Capital Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at about $109,000. Delphi Private Advisors LLC boosted its holdings in shares of Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after acquiring an additional 2,157 shares in the last quarter. First Dallas Securities Inc. purchased a new stake in shares of Intel in the fourth quarter valued at about $144,000. Finally, Financial Engines Advisors L.L.C. purchased a new stake in shares of Intel in the third quarter valued at about $119,000. 69.02% of the stock is currently owned by institutional investors.
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Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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