Intel’s (INTC) Buy Rating Reiterated at Mizuho

Intel (NASDAQ:INTC)‘s stock had its “buy” rating reaffirmed by investment analysts at Mizuho in a report released on Tuesday. They presently have a $47.00 target price on the chip maker’s stock. Mizuho’s price target would suggest a potential upside of 0.64% from the stock’s current price.

INTC has been the subject of a number of other research reports. 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. 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. Finally, Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $43.94.

Intel (NASDAQ INTC) opened at $46.70 on Tuesday. The firm has a market cap of $218,556.00, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.71 and a beta of 1.06. Intel has a 12-month low of $33.23 and a 12-month high of $47.64. 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 (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. equities analysts forecast that Intel will post 3.25 EPS for the current year.

In related news, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated 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 sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,914 shares of company stock valued at $68,196,589 in the last ninety days. 0.08% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of INTC. Vanguard Group Inc. grew its holdings in shares of Intel by 2.5% during 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 purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors grew its holdings in shares of Intel by 5.5% during 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 purchasing an additional 10,257,260 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Intel by 9.1% during 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 purchasing an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after purchasing an additional 397,082 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Intel during the 4th quarter valued at approximately $1,684,790,000. Institutional investors and hedge funds own 67.54% of the company’s stock.

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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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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