Intel (NASDAQ:INTC) has been assigned a $54.00 price target by stock analysts at BNP Paribas in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the chip maker’s stock. BNP Paribas’ price target would indicate a potential upside of 17.24% from the company’s current price.
Several other equities research analysts have also recently weighed in on INTC. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Nomura set a $55.00 price target on shares of Intel and gave the stock a “neutral” rating in a research report on Monday, June 25th. Benchmark assumed coverage on shares of Intel in a research report on Tuesday, June 26th. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Wednesday. Finally, Macquarie restated a “buy” rating on shares of Intel in a research report on Monday. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-two have assigned a buy rating to the stock. Intel currently has a consensus rating of “Hold” and a consensus target price of $55.29.
Shares of Intel stock traded up $0.36 on Wednesday, hitting $46.06. 508,600 shares of the company traded hands, compared to its average volume of 21,177,376. The stock has a market cap of $214.78 billion, a P/E ratio of 13.24, a PEG ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. Intel has a 52 week low of $37.10 and a 52 week high of $57.60.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The company had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. Intel’s quarterly revenue was up 14.9% on a year-over-year basis. equities analysts expect that Intel will post 4.15 EPS for the current year.
In related news, CEO Robert Holmes Swan bought 5,243 shares of the stock in a transaction dated Monday, July 30th. The stock was purchased at an average cost of $47.69 per share, with a total value of $250,038.67. Following the completion of the purchase, the chief executive officer now owns 71,672 shares of the company’s stock, valued at $3,418,037.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the sale, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock valued at $205,757 over the last three months. Insiders own 0.03% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. HC Financial Advisors Inc. purchased a new stake in Intel in the fourth quarter worth about $1,320,000. King Luther Capital Management Corp lifted its stake in Intel by 11.2% in the fourth quarter. King Luther Capital Management Corp now owns 285,695 shares of the chip maker’s stock worth $13,188,000 after acquiring an additional 28,664 shares during the period. Equity Investment Corp lifted its stake in Intel by 84.0% in the fourth quarter. Equity Investment Corp now owns 12,715 shares of the chip maker’s stock worth $587,000 after acquiring an additional 5,805 shares during the period. Empirical Financial Services LLC lifted its stake in Intel by 7.2% in the fourth quarter. Empirical Financial Services LLC now owns 42,058 shares of the chip maker’s stock worth $1,941,000 after acquiring an additional 2,828 shares during the period. Finally, Princeton Capital Management LLC purchased a new stake in Intel in the fourth quarter worth about $5,680,000. 65.33% of the stock is owned by hedge funds and other institutional investors.
Intel Company Profile
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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