Intel (NASDAQ:INTC)‘s stock had its “overweight” rating reissued by investment analysts at KeyCorp in a report released on Thursday, The Fly reports. They presently have a $60.00 price target on the chip maker’s stock, down from their prior price target of $65.00. KeyCorp’s price target points to a potential upside of 21.29% from the company’s current price.
INTC has been the subject of a number of other research reports. B. Riley increased their target price on shares of Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 27th. Stifel Nicolaus upped their price objective on Intel from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, April 27th. Bank of America reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Intel in a research note on Wednesday, April 18th. Tigress Financial raised Intel from a “neutral” rating to a “buy” rating and set a $50.34 price objective for the company in a research note on Thursday, April 5th. Finally, Cowen began coverage on Intel in a research note on Thursday, May 17th. They issued a “market perform” rating and a $55.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have assigned a buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus target price of $55.48.
Shares of Intel opened at $49.47 on Thursday, Marketbeat Ratings reports. The stock has a market capitalization of $231.53 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. Intel has a 52-week low of $33.23 and a 52-week high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.15. Intel had a net margin of 17.32% and a return on equity of 25.41%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. Intel’s revenue was up 8.8% compared to the same quarter last year. analysts anticipate that Intel will post 4 earnings per share for the current year.
In related news, EVP Navin Shenoy sold 1,265 shares of the business’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $52.47, for a total value of $66,374.55. Following the completion of the sale, the executive vice president now owns 32,022 shares in the company, valued at approximately $1,680,194.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 6,746 shares of the business’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total value of $354,299.92. Following the completion of the sale, the chief executive officer now owns 264,084 shares of the company’s stock, valued at approximately $13,869,691.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,192 shares of company stock valued at $693,559. Corporate insiders own 0.03% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in Intel by 6.9% in the second quarter. Private Trust Co. NA now owns 57,960 shares of the chip maker’s stock valued at $2,880,000 after purchasing an additional 3,763 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of Intel during the first quarter valued at approximately $783,000. Greenline Partners LLC increased its stake in shares of Intel by 2.3% during the first quarter. Greenline Partners LLC now owns 295,052 shares of the chip maker’s stock valued at $15,366,000 after buying an additional 6,735 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Intel during the first quarter valued at approximately $191,000. Finally, Brasada Capital Management LP purchased a new position in shares of Intel during the first quarter valued at approximately $391,000. Institutional investors own 66.90% of the company’s stock.
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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