Intel Corporation (INTC) Rating Reiterated by Royal Bank Of Canada
Intel Corporation (NASDAQ:INTC)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank Of Canada in a report released on Friday. They presently have a $40.00 price target on the chip maker’s stock, up from their prior price target of $37.00. Royal Bank Of Canada’s target price suggests a potential upside of 0.96% from the company’s current price.
INTC has been the topic of several other reports. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $30.00 price objective (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 price target on Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Hilliard Lyons initiated coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target on the stock. Northland Securities set a $40.00 price target on Intel Corporation and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Barclays PLC reissued an “overweight” rating on shares of Intel Corporation in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.59.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.25% during mid-day trading on Friday, hitting $39.63. The company had a trading volume of 18,880,232 shares. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.89. The firm has a market capitalization of $186.22 billion, a PE ratio of 15.13 and a beta of 1.07. The firm has a 50-day moving average price of $36.36 and a 200-day moving average price of $35.75.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.
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In other news, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the sale, the executive vice president now directly owns 114,542 shares in the company, valued at $3,968,880.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock worth $3,095,110 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. Norges Bank acquired a new stake in shares of Intel Corporation during the fourth quarter worth $1,684,790,000. Agran Libbie lifted its stake in shares of Intel Corporation by 9,807.2% during the fourth quarter. Agran Libbie now owns 23,731,244 shares of the chip maker’s stock worth $8,175,000 after buying an additional 23,491,708 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Intel Corporation by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after buying an additional 20,050,088 shares during the period. Capital Research Global Investors lifted its stake in shares of Intel Corporation by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares during the period. Finally, Capital World Investors lifted its stake in shares of Intel Corporation by 8.0% during the fourth quarter. Capital World Investors now owns 140,063,413 shares of the chip maker’s stock worth $4,825,185,000 after buying an additional 10,415,210 shares during the period. Institutional investors and hedge funds own 67.03% of the company’s stock.
Intel Corporation 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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