Intel (NASDAQ:INTC) received a $41.00 price objective from stock analysts at Morningstar in a research report issued to clients and investors on Friday. The firm presently has a “neutral” rating on the chip maker’s stock. Morningstar’s price objective points to a potential downside of 18.13% from the company’s current price.
Several other analysts have also issued reports on INTC. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a report on Tuesday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel in a report on Friday, October 6th. Mizuho reissued a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Intel in a report on Monday, October 9th. Finally, Susquehanna Bancshares increased their target price on Intel from $45.00 to $46.00 and gave the stock a “positive” rating in a report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.97.
Intel (INTC) traded up $4.78 on Friday, hitting $50.08. The stock had a trading volume of 86,920,000 shares, compared to its average volume of 35,760,000. The firm has a market cap of $234,370.00, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.64 and a beta of 1.06. Intel has a 12 month low of $33.23 and a 12 month high of $50.15. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold 1,491,324 shares of company stock valued at $66,012,099 over the last quarter. Corporate insiders own 0.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. bought a new position in shares of Intel during the third quarter worth about $119,000. Acrospire Investment Management LLC raised its position 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 worth $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC raised its position 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 worth $147,000 after acquiring an additional 1,233 shares during the last quarter. Winfield Associates Inc. raised its position in shares of Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in shares of Intel during the third quarter worth about $158,000. Hedge funds and other institutional investors own 67.48% of the company’s stock.
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).
