Intel (INTC) Receives “Outperform” Rating from Credit Suisse Group

Intel (NASDAQ:INTC)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a report issued on Thursday.

A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus lifted their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, September 6th. Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a research note on Monday, November 13th. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a research note on Wednesday, October 11th. Finally, Instinet lifted their target price on Intel to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. Intel currently has an average rating of “Buy” and a consensus price target of $44.27.

Intel (NASDAQ INTC) traded down $2.40 during midday trading on Thursday, hitting $42.86. The stock had a trading volume of 25,960,000 shares, compared to its average volume of 28,980,000. The company has a market cap of $200,580.00, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.70 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 quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The company 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. equities research analysts forecast that Intel will post 3.25 earnings per share for the current fiscal year.

In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold a total of 1,487,054 shares of company stock valued at $65,800,132 in the last ninety days. Insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Securities Inc. lifted its position in 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 buying an additional 101,026 shares during the last quarter. InterOcean Capital LLC lifted its position in 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 buying an additional 8,939 shares during the last quarter. Hayek Kallen Investment Management lifted its position in Intel by 0.7% in the 1st quarter. Hayek Kallen Investment Management now owns 130,740 shares of the chip maker’s stock worth $4,716,000 after buying an additional 952 shares during the last quarter. Good Life Advisors LLC lifted its position in Intel by 87.7% in the 1st quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock worth $378,000 after buying an additional 4,848 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Intel by 69.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock worth $333,000 after buying an additional 3,778 shares during the last quarter. 67.54% of the stock is owned by institutional investors.

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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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