Intel (INTC) Given “Buy” Rating at Nomura
Intel (NASDAQ:INTC)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a report released on Thursday. They presently have a $50.00 price target on the chip maker’s stock. Nomura’s price objective would indicate a potential upside of 10.47% from the company’s current price.
A number of other brokerages have also recently weighed in on INTC. Mizuho reissued a “buy” rating and set a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a report on Tuesday. BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Canaccord Genuity lifted their price target on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, Barclays reaffirmed a “buy” rating and issued a $55.00 price target on shares of Intel in a research note on Monday, November 13th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.43.
Shares of Intel (INTC) traded down $1.59 during midday trading on Thursday, hitting $45.26. The company had a trading volume of 116,478,900 shares, compared to its average volume of 69,909,352. The stock has a market cap of $206,640.00, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel has a 52 week low of $33.23 and a 52 week high of $47.64.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the transaction, the executive vice president now owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. Insiders have sold 1,487,054 shares of company stock worth $65,800,132 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Lowe FS bought a new stake in shares of Intel in the 3rd quarter valued at approximately $12,000. Proficio Capital Partners bought a new stake in shares of Intel in the 4th quarter valued at approximately $26,000. Carnick & Kubik LLC bought a new stake in shares of Intel in the 1st quarter valued at approximately $100,000. Global X Management Co. LLC lifted its stake in shares of Intel by 52.0% in the 2nd quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Intel by 36.3% in the 2nd quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after purchasing an additional 847 shares during the last quarter. Hedge funds and other institutional investors own 67.54% of the company’s stock.
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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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