Intel (NASDAQ:INTC) had its target price boosted by stock analysts at Instinet to $50.00 in a research note issued on Tuesday. The firm presently has a “buy” rating on the chip maker’s stock. Instinet’s price objective would indicate a potential upside of 12.38% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Argus restated a “buy” rating and issued a $45.00 target price on shares of Intel in a research note on Wednesday, August 23rd. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a research note on Tuesday, August 8th. Loop Capital restated a “buy” rating and issued a $45.00 target price on shares of Intel in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, August 17th. Finally, BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.68.

Intel (NASDAQ INTC) opened at $44.49 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel has a 12-month low of $33.23 and a 12-month high of $47.30. The stock has a market capitalization of $209,102.41, a P/E ratio of 14.05, a P/E/G ratio of 1.63 and a beta of 1.06.

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

In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,914 shares of company stock worth $68,196,589 over the last three months. 0.08% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of INTC. Janus Henderson Group PLC grew its holdings in Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors grew its holdings in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors grew its holdings in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital International Investors acquired a new position in Intel in the 3rd quarter valued at $339,563,000. Finally, Vanguard Group Inc. grew its holdings in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors and hedge funds.

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Intel 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 (NASDAQ:INTC)

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