Intel Corporation (NASDAQ:INTC) had its target price increased by investment analysts at Susquehanna Bancshares Inc from $45.00 to $46.00 in a report released on Tuesday. The brokerage presently has a “positive” rating on the chip maker’s stock. Susquehanna Bancshares Inc’s price target indicates a potential upside of 16.02% from the stock’s current price.

INTC has been the subject of several other research reports. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 6th. ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 target price for the company in a research report on Thursday, August 24th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Finally, BidaskClub upgraded Intel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Intel Corporation has a consensus rating of “Hold” and a consensus price target of $40.71.

Shares of Intel Corporation (NASDAQ:INTC) traded down 0.53% on Tuesday, hitting $39.65. The stock had a trading volume of 29,888,048 shares. The company has a market cap of $186.32 billion, a price-to-earnings ratio of 15.13 and a beta of 1.07. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.95. The firm has a 50 day moving average price of $36.62 and a 200-day moving average price of $35.83.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.

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In related news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s 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 approximately $21,072,545.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Intel Corporation by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 29 shares in the last quarter. Summit Asset Management LLC boosted its holdings in shares of Intel Corporation by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after acquiring an additional 46 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Intel Corporation by 0.9% during the 1st quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after acquiring an additional 50 shares in the last quarter. Conservest Capital Advisors Inc. boosted its holdings in shares of Intel Corporation by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after acquiring an additional 51 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in shares of Intel Corporation by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after acquiring an additional 53 shares in the last quarter. 67.02% of the stock is currently 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).

Analyst Recommendations for Intel Corporation (NASDAQ:INTC)

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