Intel (NASDAQ:INTC) had its price objective raised by stock analysts at Citigroup from $58.00 to $60.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “buy” rating on the chip maker’s stock. Citigroup’s price objective indicates a potential upside of 17.42% from the company’s previous close.
Several other equities research analysts also recently weighed in on INTC. Vetr downgraded Intel from a “buy” rating to a “hold” rating and set a $54.70 price target on the stock. in a report on Wednesday, April 18th. Bank of America reiterated a “buy” rating and issued a $65.00 price target on shares of Intel in a report on Wednesday, April 18th. Barclays increased their price target on Intel from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, April 19th. Macquarie reiterated a “buy” rating and issued a $58.00 price target on shares of Intel in a report on Thursday, April 12th. Finally, B. Riley reiterated a “buy” rating and issued a $55.00 price target on shares of Intel in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Intel presently has an average rating of “Buy” and a consensus price target of $51.15.
Shares of NASDAQ INTC opened at $51.10 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $54.35. The company has a market capitalization of $241,073.66, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.95.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the 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 firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. equities research analysts anticipate that Intel will post 3.54 earnings per share for the current year.
In other news, CEO Brian M. Krzanich sold 74,456 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The disclosure for this sale can be found here. Insiders sold a total of 123,914 shares of company stock valued at $6,011,490 in the last three months. Insiders own 0.03% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised 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 acquiring an additional 8,087,302 shares during the last quarter. Capital World Investors raised 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 acquiring an additional 10,257,260 shares during the last quarter. Capital Research Global Investors raised 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 acquiring an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP raised 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 acquiring an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc raised 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 acquiring an additional 502,225 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.
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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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