Intel Corporation (NASDAQ:INTC) had its price objective upped by analysts at Stifel Nicolaus from $41.00 to $46.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the chip maker’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 13.78% from the company’s previous close.

Several other brokerages have also weighed in on INTC. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Intel Corporation in a research report on Tuesday, July 4th. ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Intel Corporation in a research report on Friday, July 14th. Finally, Goldman Sachs Group Inc reaffirmed a “hold” rating and issued a $39.00 target price on shares of Intel Corporation in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation currently has a consensus rating of “Hold” and an average target price of $41.24.

Intel Corporation (NASDAQ:INTC) traded up 0.85% during trading on Friday, hitting $40.43. The stock had a trading volume of 18,335,672 shares. The company has a 50 day moving average of $37.91 and a 200-day moving average of $36.09. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $40.45. The company has a market cap of $189.98 billion, a P/E ratio of 15.43 and a beta of 1.07.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the 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 company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period in the prior year, the firm posted $0.59 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Intel Corporation will post $3.01 EPS for the current year.

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In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was 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 $55,910.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,608 shares of company stock worth $3,095,110. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. increased its position in shares of Intel Corporation by 0.4% in the second 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 during the last quarter. Summit Asset Management LLC increased its position in shares of Intel Corporation by 0.7% in the first 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 during the last quarter. Conservest Capital Advisors Inc. increased its position in shares of Intel Corporation by 0.6% in the second 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 during the last quarter. Hudock Capital Group LLC increased its position in shares of Intel Corporation by 0.4% in the first 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 during the last quarter. Finally, Paradigm Financial Advisors LLC increased its position in shares of Intel Corporation by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after acquiring an additional 67 shares during the last quarter. 67.02% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Intel Corporation (NASDAQ:INTC)

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