Intel (INTC) Stock Rating Reaffirmed by B. Riley

Intel (NASDAQ:INTC)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research report issued to clients and investors on Thursday. They presently have a $53.00 price objective on the chip maker’s stock. B. Riley’s price objective would indicate a potential upside of 17.10% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Oppenheimer restated a “hold” rating on shares of Intel in a report on Thursday. Credit Suisse Group restated an “outperform” rating on shares of Intel in a report on Thursday. Royal Bank of Canada set a $44.00 price target on shares of Intel and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. set a $53.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.43.

Intel (NASDAQ:INTC) traded down $1.59 during trading hours on Thursday, hitting $45.26. 116,478,900 shares of the company traded hands, compared to its average volume of 69,909,352. 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 cap of $206,640.00, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. Intel has a 1-year low of $33.23 and a 1-year 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 business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 EPS. equities research analysts forecast that Intel will post 3.25 EPS for the current year.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were 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 Securities & Exchange Commission, which is available at this link. Also, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the sale, the executive vice president now directly 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 sold a total of 1,487,054 shares of company stock valued at $65,800,132 in the last three months. Insiders own 0.08% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Intel during the fourth quarter valued at approximately $1,684,790,000. Agran Libbie lifted its stake in Intel by 9,807.2% during the fourth quarter. Agran Libbie now owns 23,731,244 shares of the chip maker’s stock valued at $8,175,000 after purchasing an additional 23,491,708 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the last quarter. Capital Research Global Investors lifted its stake in Intel by 9.1% during the second 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. Finally, Capital World Investors lifted its stake in Intel by 8.0% during the fourth quarter. Capital World Investors now owns 140,063,413 shares of the chip maker’s stock valued at $4,825,185,000 after purchasing an additional 10,415,210 shares during the last quarter. 67.54% of the stock is owned by institutional investors and hedge funds.

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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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