Intel Corporation’s (INTC) “Sector Perform” Rating Reiterated at Royal Bank Of Canada
Intel Corporation (NASDAQ:INTC)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Thursday.
Several other analysts also recently weighed in on INTC. Jefferies Group LLC reiterated an “underperform” rating and set a $30.00 target price (up from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Hilliard Lyons began coverage on Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price for the company. Canaccord Genuity reiterated a “hold” rating on shares of Intel Corporation in a research report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 target price on Intel Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Six research 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 assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.55.
Intel Corporation (INTC) traded up 0.52% during midday trading on Thursday, reaching $35.07. 16,366,772 shares of the company were exchanged. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a market capitalization of $164.79 billion, a PE ratio of 13.39 and a beta of 1.01. The company has a 50-day moving average of $35.28 and a 200 day moving average of $35.55.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. Equities analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
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In other news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Holmes Swan purchased 13,888 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $36.31 per share, with a total value of $504,273.28. Following the completion of the acquisition, the chief financial officer now owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in INTC. Watermark Asset Management Inc. bought a new position in Intel Corporation during the first quarter worth $113,000. Acrospire Investment Management LLC boosted its position in Intel Corporation by 111.8% in the second 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 during the period. Orrstown Financial Services Inc. boosted its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the period. Finally, Winfield Associates Inc. boosted its position in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the period. 67.07% of the stock is owned by institutional investors.
About Intel Corporation
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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