Intel (NASDAQ:INTC) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research analysts have also issued reports on the stock. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target on the stock. in a research note on Wednesday. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the company a “sell” rating in a research note on Wednesday, January 10th. Argus restated a “buy” rating and set a $50.00 price target on shares of Intel in a research note on Friday, January 5th. Nomura restated a “buy” rating and set a $50.00 price target on shares of Intel in a research note on Thursday, January 4th. Finally, B. Riley restated a “buy” rating and set a $53.00 price target on shares of Intel in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.77.

Intel (INTC) opened at $44.82 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The company has a market cap of $211,360.00, a P/E ratio of 15.73, a P/E/G ratio of 1.61 and a beta of 1.06. Intel has a 52 week low of $33.23 and a 52 week high of $47.64.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the business posted $0.80 EPS. Intel’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts forecast that Intel will post 3.25 earnings per share for the current year.

In related news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the sale, the executive vice president now directly owns 113,086 shares in the company, valued at $4,626,348.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Papp L Roy & Associates boosted its stake in Intel by 1.2% during the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after buying an additional 800 shares during the period. Crescent Grove Advisors LLC purchased a new position in shares of Intel in the second quarter valued at approximately $555,000. United Bank boosted its stake in shares of Intel by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Intel by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its stake in shares of Intel by 15.6% in the second quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after purchasing an additional 16,340 shares during the period. Hedge funds and other institutional investors own 67.56% of the company’s stock.

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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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