Sanford C. Bernstein Reiterates “$34.00” Price Target for Intel (INTC)

Intel (NASDAQ:INTC) has been assigned a $34.00 price objective by Sanford C. Bernstein in a report issued on Wednesday. The firm presently has a “sell” rating on the chip maker’s stock. Sanford C. Bernstein’s target price indicates a potential downside of 24.88% from the stock’s previous close.

Other analysts also recently issued reports about the company. Wells Fargo & Co restated an “outperform” rating and issued a $50.00 price objective (up from $45.00) on shares of Intel in a research report on Friday, October 27th. SunTrust Banks restated a “hold” rating and issued a $43.00 price objective (up from $39.00) on shares of Intel in a research report on Friday, October 27th. Robert W. Baird restated an “outperform” rating and issued a $45.00 price objective on shares of Intel in a research report on Tuesday, September 5th. BMO Capital Markets upped their price objective on Intel from $34.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $43.91.

Intel (NASDAQ INTC) traded down $1.59 during trading on Wednesday, reaching $45.26. The company’s stock had a trading volume of 115,041,600 shares, compared to its average volume of 27,230,000. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market capitalization of $211,820.00, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06. Intel has a 12 month low of $33.23 and a 12 month high of $47.64.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for 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 revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. equities research analysts anticipate that Intel will post 3.25 earnings per share for the current fiscal year.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 89,087 shares of Intel stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the sale, the chairman now directly owns 428,789 shares in the company, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,487,054 shares of company stock worth $65,800,132. Company insiders own 0.08% of the company’s stock.

Several hedge funds have recently modified their holdings of INTC. Peapack Gladstone Financial Corp grew its holdings in shares of Intel by 1.1% in the 1st quarter. Peapack Gladstone Financial Corp now owns 465,715 shares of the chip maker’s stock worth $16,798,000 after acquiring an additional 4,970 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Intel by 3.8% in the 1st quarter. Congress Asset Management Co. MA now owns 133,750 shares of the chip maker’s stock worth $4,824,000 after acquiring an additional 4,949 shares during the last quarter. Aberdeen Asset Management PLC UK grew its holdings in shares of Intel by 1.4% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 3,136,392 shares of the chip maker’s stock worth $113,130,000 after acquiring an additional 44,644 shares during the last quarter. Comerica Securities Inc. grew its holdings in shares of Intel by 450.2% in the 1st quarter. Comerica Securities Inc. now owns 123,464 shares of the chip maker’s stock worth $4,453,000 after acquiring an additional 101,026 shares during the last quarter. Finally, InterOcean Capital LLC grew its holdings in shares of Intel by 2.7% in the 1st quarter. InterOcean Capital LLC now owns 342,196 shares of the chip maker’s stock worth $12,343,000 after acquiring an additional 8,939 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.

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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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