Morgan Stanley Raises Intel (INTC) Price Target to $43.00

Intel (NASDAQ:INTC) had its target price raised by stock analysts at Morgan Stanley from $39.00 to $43.00 in a research note issued on Friday, Marketbeat.com reports. The firm currently has a “neutral” rating on the chip maker’s stock. Morgan Stanley’s price objective would suggest a potential downside of 14.14% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein set a $34.00 price target on Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Intel in a research report on Friday. Credit Suisse Group raised Intel from a “neutral” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Friday. They noted that the move was a valuation call. Wells Fargo & Co set a $55.00 price target on Intel and gave the company a “buy” rating in a research report on Friday. Finally, Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target on the stock. in a research report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.97.

Shares of Intel (NASDAQ INTC) traded up $4.78 on Friday, hitting $50.08. The company’s stock had a trading volume of 86,920,000 shares, compared to its average volume of 35,760,000. Intel has a one year low of $33.23 and a one year high of $50.15. The firm has a market cap of $259,110.00, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.35% and a net margin of 15.30%. Intel’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. analysts anticipate that Intel will post 3.3 earnings per share for the current year.

In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold 1,491,324 shares of company stock valued at $66,012,099 in the last ninety days. Company insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Engines Advisors L.L.C. purchased a new stake in shares of Intel during the third quarter valued at $119,000. Acrospire Investment Management LLC lifted its holdings in shares of Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Intel during the third quarter valued at $158,000. Finally, Family Capital Trust Co lifted its holdings in shares of Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares during the last quarter. 67.48% of the stock is owned by institutional investors and hedge funds.

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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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