BidaskClub upgraded shares of Intel (NASDAQ:INTC) from a hold rating to a buy rating in a report released on Saturday.
A number of other brokerages have also recently commented on INTC. Mizuho restated a buy rating and set a $47.00 price objective 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 objective on the stock. in a research note on Tuesday, January 2nd. Canaccord Genuity boosted their price target on Intel from $41.00 to $45.00 and gave the stock a hold rating in a research note on Friday, November 17th. Barclays reiterated a buy rating and issued a $55.00 price target on shares of Intel in a research note on Monday, November 13th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. Intel presently has a consensus rating of Buy and an average target price of $44.72.
Intel (NASDAQ INTC) opened at $46.06 on Friday. The company has a market capitalization of $215,560.00, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. Intel has a one year low of $33.23 and a one year high of $47.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. sell-side analysts expect that Intel will post 3.25 EPS for the current year.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 2,119 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $41.06, for a total value of $87,006.14. Following the transaction, the executive vice president now directly owns 114,091 shares of the company’s stock, valued at $4,684,576.46. The disclosure for this sale can be found here. Insiders have sold 1,485,415 shares of company stock valued at $65,733,081 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Several large investors have recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. bought a new position in Intel in the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC grew its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares in the last quarter. Winfield Associates Inc. grew its holdings in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in Intel in the 3rd quarter worth approximately $158,000. 67.48% of the stock is owned by institutional investors.
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Intel Company Profile
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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