Analysts Set Intel Co. (NASDAQ:INTC) Price Target at $62.82

Shares of Intel Co. (NASDAQ:INTC) have earned an average rating of “Hold” from the forty-three ratings firms that are presently covering the firm, Marketbeat reports. Thirteen analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $62.82.

A number of research analysts have recently weighed in on the stock. Raymond James reissued an “underperform” rating on shares of Intel in a research report on Wednesday, April 21st. UBS Group reissued a “buy” rating and set a $73.00 target price on shares of Intel in a research report on Friday, April 23rd. JPMorgan Chase & Co. set a $80.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Wednesday, April 7th. Mizuho increased their target price on shares of Intel from $70.00 to $72.00 in a research report on Wednesday, March 24th. Finally, Evercore ISI increased their target price on shares of Intel from $68.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, March 24th.

In related news, EVP Gregory M. Bryant sold 2,842 shares of the stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $57.83, for a total transaction of $164,352.86. Also, Director Dion J. Weisler bought 4,464 shares of Intel stock in a transaction that occurred on Tuesday, May 4th. The shares were acquired at an average cost of $56.00 per share, for a total transaction of $249,984.00. Following the acquisition, the director now owns 4,464 shares in the company, valued at approximately $249,984. The disclosure for this purchase can be found here. Company insiders own 0.02% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in INTC. OLD Mission Capital LLC bought a new position in shares of Intel during the 3rd quarter valued at $727,000. Sage Mountain Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at $304,000. Ironwood Wealth Management LLC. grew its holdings in shares of Intel by 179.5% during the 4th quarter. Ironwood Wealth Management LLC. now owns 7,736 shares of the chip maker’s stock valued at $385,000 after purchasing an additional 4,968 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of Intel by 12.1% during the 4th quarter. Legacy Financial Advisors Inc. now owns 21,652 shares of the chip maker’s stock valued at $1,077,000 after purchasing an additional 2,333 shares during the last quarter. Finally, S.A. Mason LLC grew its holdings in shares of Intel by 1.9% during the 4th quarter. S.A. Mason LLC now owns 11,406 shares of the chip maker’s stock valued at $568,000 after purchasing an additional 210 shares during the last quarter. 63.17% of the stock is currently owned by institutional investors.

INTC stock traded down $0.02 during trading on Tuesday, reaching $57.36. The stock had a trading volume of 246,237 shares, compared to its average volume of 32,446,541. Intel has a one year low of $43.61 and a one year high of $68.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.90 and a quick ratio of 1.54. The stock has a 50 day moving average price of $59.23. The stock has a market cap of $231.62 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.65 and a beta of 0.61.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, April 21st. The chip maker reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.24. Intel had a net margin of 23.93% and a return on equity of 27.59%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $17.97 billion. During the same period in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that Intel will post 4.61 EPS for the current year.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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