Intel (INTC) Price Target Raised to $50.00 at Maxim Group

Intel (NASDAQ:INTC) had its price objective hoisted by research analysts at Maxim Group to $50.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has a “buy” rating on the chip maker’s stock. Maxim Group’s price objective suggests a potential upside of 14.52% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other analysts have also recently commented on the company. Sanford C. Bernstein set a $30.00 target price on Intel and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $40.00 target price (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and issued a $50.00 target price on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Intel in a research report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $45.00 target price on shares of Intel in a research report on Friday, October 27th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.86.

Shares of Intel (NASDAQ:INTC) traded up $0.31 during midday trading on Monday, hitting $43.66. The company had a trading volume of 20,425,531 shares, compared to its average volume of 23,655,713. 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 firm has a market cap of $202,878.00, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.06. Intel has a twelve month low of $33.23 and a twelve month high of $47.30.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. sell-side analysts expect that Intel will post 3.25 EPS for the current year.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. Insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the business. Murphy Capital Management Inc. increased its stake in shares of Intel by 18.4% in the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares during the period. Papp L Roy & Associates increased its stake in shares of Intel by 1.2% in the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after purchasing an additional 800 shares during the period. Crescent Grove Advisors LLC bought a new position in shares of Intel in the second quarter worth about $555,000. United Bank increased its stake in shares of Intel by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after purchasing an additional 22,765 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Intel by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after purchasing an additional 9,746 shares during the period. 67.69% of the stock is owned by institutional investors.

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About Intel

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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