Intel (INTC) Given a $43.00 Price Target at Goldman Sachs Group
Intel (NASDAQ:INTC) received a $43.00 price target from research analysts at Goldman Sachs Group in a report issued on Tuesday. The brokerage currently has a “neutral” rating on the chip maker’s stock. Goldman Sachs Group’s price target would suggest a potential downside of 1.51% from the stock’s current price.
A number of other research analysts have also issued reports on INTC. Sanford C. Bernstein set a $30.00 price objective on shares of Intel and gave the company a “sell” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Loop Capital reissued a “buy” rating and set a $45.00 target price on shares of Intel in a research report on Tuesday, August 22nd. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Intel in a research report on Wednesday, August 23rd. 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 company has an average rating of “Buy” and an average price target of $43.97.
Intel (NASDAQ:INTC) opened at $43.66 on Tuesday. The company has a market cap of $202,878.00, a PE ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $47.30.
In related 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 SEC, which is available through 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 shares were 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 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 quarter. Company insiders own 0.08% of the company’s stock.
A number of institutional investors have recently made changes to their positions in INTC. Murphy Capital Management Inc. boosted its position in shares of Intel by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after buying an additional 4,928 shares during the last quarter. Papp L Roy & Associates boosted its position in shares of Intel by 1.2% during the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after buying an additional 800 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Intel by 12.8% during the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Intel during the second quarter valued at $555,000. Finally, Park National Corp OH lifted its holdings in Intel by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after acquiring an additional 21,481 shares during the period. Institutional investors and hedge funds own 67.69% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/intel-intc-given-a-43-00-price-target-at-goldman-sachs-group.html.
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).
Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.