Intel Corporation (NASDAQ:INTC) had its target price boosted by research analysts at Canaccord Genuity from $41.00 to $45.00 in a report issued on Friday. The firm currently has a “hold” rating on the chip maker’s stock. Canaccord Genuity’s price target would indicate a potential upside of 0.83% from the stock’s previous close.

A number of other analysts have also issued reports on INTC. Barclays PLC reiterated an “overweight” rating on shares of Intel Corporation in a report on Friday, July 21st. Summit Redstone reiterated a “hold” rating on shares of Intel Corporation in a report on Saturday, July 22nd. BidaskClub upgraded Intel Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Intel Corporation in a research note on Friday, July 28th. Finally, Northland Securities set a $40.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.40.

Shares of Intel Corporation (NASDAQ:INTC) traded down $1.02 during midday trading on Friday, hitting $44.63. The company had a trading volume of 63,796,417 shares, compared to its average volume of 23,636,324. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $213,640.00, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. Intel Corporation’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. equities research analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current year.

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In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,872,880 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of INTC. Jackson Grant Investment Advisers Inc. lifted its position 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 worth $263,000 after purchasing an additional 29 shares during the last quarter. Summit Asset Management LLC lifted its position 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 worth $227,000 after purchasing an additional 46 shares during the last quarter. Conservest Capital Advisors Inc. lifted its position 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 worth $302,000 after purchasing an additional 51 shares during the last quarter. Paradigm Financial Advisors LLC lifted its position in shares of Intel Corporation by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after purchasing an additional 67 shares during the last quarter. Finally, Bank of Stockton lifted its position in shares of Intel Corporation by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after purchasing an additional 72 shares during the last quarter. 67.17% of the stock is owned by institutional investors.

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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