Intel (NASDAQ:INTC) received a $60.00 price target from equities research analysts at Robert W. Baird in a report issued on Friday. The brokerage presently has a “buy” rating on the chip maker’s stock. Robert W. Baird’s price objective would suggest a potential upside of 19.81% from the company’s previous close.
Several other equities analysts have also issued reports on the company. Stifel Nicolaus boosted their price objective on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays reiterated a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Monday, November 13th. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective for the company in a research report on Wednesday, October 11th. Goldman Sachs Group set a $43.00 price objective on Intel and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Finally, BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. 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 stock. The company presently has an average rating of “Buy” and an average target price of $47.97.
Shares of Intel (NASDAQ INTC) traded up $4.78 on Friday, hitting $50.08. The company had a trading volume of 86,920,000 shares, compared to its average volume of 35,760,000. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel has a 1-year low of $33.23 and a 1-year high of $50.15. The firm has a market cap of $234,370.00, a price-to-earnings ratio of 17.57, a PEG ratio of 1.64 and a beta of 1.06.
In other news, EVP Diane M. Bryant sold 570 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.49, for a total transaction of $25,359.30. Following the sale, the executive vice president now owns 110,850 shares in the company, valued at approximately $4,931,716.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,491,324 shares of company stock worth $66,012,099. Company insiders own 0.08% of the company’s stock.
Several hedge funds have recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. acquired a new position in shares of Intel during the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC increased its holdings in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares in the last quarter. Winfield Associates Inc. grew its holdings in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in Intel in the 3rd quarter valued at $158,000. 67.48% of the stock is currently 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).
