Intel (INTC) Receives Outperform Rating from Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Intel (NASDAQ:INTC) in a report published on Thursday. The firm currently has a $42.00 price target on the chip maker’s stock.

A number of other brokerages have also recently commented on INTC. Mizuho reiterated a buy rating and issued a $47.00 price target on shares of Intel in a research note on Tuesday, December 26th. Vetr cut Intel from a strong-buy rating to a buy rating and set a $48.80 price target for the company. in a research note on Tuesday. BidaskClub cut Intel from a strong-buy rating to a buy rating in a research note on Wednesday, December 27th. Canaccord Genuity raised their target price on Intel from $41.00 to $45.00 and gave the stock a hold rating in a research report on Friday, November 17th. Finally, Barclays reissued a buy rating and issued a $55.00 price objective on shares of Intel in a research report on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $44.65.

Shares of Intel (NASDAQ INTC) traded up $0.31 on Thursday, hitting $44.74. The stock had a trading volume of 38,497,266 shares, compared to its average volume of 76,349,633. Intel has a one year low of $33.23 and a one year high of $47.64. The company has a market cap of $209,380.00, a PE ratio of 15.70, a price-to-earnings-growth 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 quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the prior year, the company earned $0.80 EPS. Intel’s revenue was up 2.4% compared to the same quarter last year. research analysts anticipate that Intel will post 3.25 earnings per share for the current fiscal year.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock worth $65,800,132 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of INTC. Comerica Securities Inc. raised its holdings in Intel by 450.2% during the 1st quarter. Comerica Securities Inc. now owns 123,464 shares of the chip maker’s stock valued at $4,453,000 after acquiring an additional 101,026 shares during the period. InterOcean Capital LLC raised its holdings in Intel by 2.7% during the 1st quarter. InterOcean Capital LLC now owns 342,196 shares of the chip maker’s stock valued at $12,343,000 after acquiring an additional 8,939 shares during the period. Hayek Kallen Investment Management raised its holdings in Intel by 0.7% during the 1st quarter. Hayek Kallen Investment Management now owns 130,740 shares of the chip maker’s stock valued at $4,716,000 after acquiring an additional 952 shares during the period. Good Life Advisors LLC raised its holdings in Intel by 87.7% during the 1st quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock valued at $378,000 after acquiring an additional 4,848 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in Intel by 69.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock valued at $333,000 after acquiring an additional 3,778 shares during the period. 67.54% of the stock is currently owned by institutional investors.

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About Intel

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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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