Intel (NASDAQ:INTC) has been assigned a $34.00 target price by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. The brokerage presently has a “sell” rating on the chip maker’s stock. Sanford C. Bernstein’s price target would indicate a potential downside of 20.93% from the company’s current price.
Several other equities analysts have also recently commented on the company. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 target price for the company in a research report on Wednesday. Wells Fargo & Co restated an “outperform” rating and set a $50.00 target price (up from $45.00) on shares of Intel in a research report on Friday, October 27th. SunTrust Banks restated a “hold” rating and set a $43.00 target price (up from $39.00) on shares of Intel in a research report on Friday, October 27th. Royal Bank of Canada set a $44.00 target price on Intel and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Finally, B. Riley restated a “buy” rating and set a $53.00 target price on shares of Intel in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average price target of $44.78.
Shares of Intel (NASDAQ INTC) traded down $0.62 during midday trading on Wednesday, hitting $43.00. The stock had a trading volume of 6,680,000 shares, compared to its average volume of 33,610,000. The stock has a market capitalization of $201,240.00, a PE ratio of 15.09, a PEG ratio of 1.62 and a beta of 1.06. Intel has a one year low of $33.23 and a one year high of $47.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the sale, 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. In the last three months, insiders sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lowe FS purchased a new stake in shares of Intel in the 3rd quarter worth approximately $12,000. Proficio Capital Partners purchased a new stake in shares of Intel in the 4th quarter worth approximately $26,000. Carnick & Kubik LLC purchased a new stake in shares of Intel in the 1st quarter worth approximately $100,000. Global X Management Co. LLC grew 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 worth $100,000 after buying an additional 1,039 shares during the last quarter. Finally, Penserra Capital Management LLC grew 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 worth $104,000 after buying an additional 847 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).
