Share on StockTwits

Robert W. Baird raised their price objective on shares of Intel (NASDAQ:INTC) from $29.00 to $32.00 in a research note issued on Wednesday. Robert W. Baird’s price target points to a potential upside of 0.91% from the company’s current price.

INTC has been the subject of a number of other recent research reports. Analysts at Roth Capital raised their price target on shares of Intel from $35.00 to $38.00 in a research note on Wednesday. Separately, analysts at Morgan Stanley raised their price target on shares of Intel from $28.00 to $30.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at B. Riley upgraded shares of Intel from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $40.00 price target on the stock, up previously from $33.50. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.71.

Intel (NASDAQ:INTC) traded up 5.91% on Wednesday, hitting $33.585. 43,880,308 shares of the company’s stock traded hands. Intel has a 52-week low of $21.89 and a 52-week high of $31.80. The stock has a 50-day moving average of $29.54 and a 200-day moving average of $26.56. The company has a market cap of $167.2 billion and a P/E ratio of 16.97. Intel also was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 174,354,201 shares, a decline of 4.6% from the June 13th total of 182,825,092 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average trading volume of 33,611,053 shares, the short-interest ratio is currently 5.2 days.

Intel (NASDAQ:INTC) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Intel will post $2.03 earnings per share for the current fiscal year.

Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.