A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. set a $53.00 price objective on Intel and gave the company a buy rating in a report on Thursday. Oppenheimer reissued a hold rating on shares of Intel in a report on Thursday. Royal Bank of Canada set a $44.00 price objective on Intel and gave the company a neutral rating in a report on Thursday. Wells Fargo & Co restated an outperform rating and issued a $50.00 target price (up previously from $45.00) on shares of Intel in a research note on Friday, October 27th. Finally, SunTrust Banks restated a hold rating and issued a $43.00 target price (up previously from $39.00) on shares of Intel in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Intel currently has a consensus rating of Buy and an average target price of $44.65.
Shares of Intel (NASDAQ:INTC) traded up $0.31 during trading hours on Thursday, reaching $44.74. The company had a trading volume of 41,768,763 shares, compared to its average volume of 76,349,633. Intel has a 12 month low of $33.23 and a 12 month high of $47.64. The firm has a market cap of $209,380.00, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.64 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the company posted $0.80 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. equities analysts predict that Intel will post 3.25 earnings per share for the current fiscal year.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. bought a new position in Intel in the third quarter worth about $119,000. Acrospire Investment Management LLC lifted its holdings in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares during the last quarter. Winfield Associates Inc. lifted its holdings in Intel by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Intel in the third quarter valued at approximately $158,000. Hedge funds and other institutional investors own 67.54% of the company’s stock.
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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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