Macquarie Reaffirms “Buy” Rating for Intel (INTC)

Intel (NASDAQ:INTC)‘s stock had its “buy” rating reaffirmed by analysts at Macquarie in a research note issued to investors on Friday. They currently have a $55.00 price target on the chip maker’s stock. Macquarie’s price target points to a potential upside of 9.82% from the stock’s current price.

A number of other equities analysts also recently commented on INTC. ValuEngine upgraded Intel from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a research note on Tuesday, October 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $40.00 target price (up from $37.00) on shares of Intel in a research note on Friday, October 6th. Mizuho restated a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Intel in a research note on Monday, October 9th. Finally, Susquehanna Bancshares boosted their price objective on Intel from $45.00 to $46.00 and gave the stock a “positive” rating in a research report on Tuesday, October 10th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.56.

Intel (INTC) opened at $50.08 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel has a 52 week low of $33.23 and a 52 week high of $50.15. The company has a market capitalization of $234,370.00, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

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

In related news, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the sale, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 899,330 shares of company stock worth $39,756,276. 0.08% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of INTC. Arthur M. Cohen & Associates LLC bought a new stake in Intel during the fourth quarter valued at about $539,000. Advisor Partners LLC boosted its holdings in Intel by 12.0% during the fourth quarter. Advisor Partners LLC now owns 96,454 shares of the chip maker’s stock valued at $4,323,000 after acquiring an additional 10,353 shares during the period. Eagle Ridge Investment Management boosted its holdings in Intel by 1.8% during the fourth quarter. Eagle Ridge Investment Management now owns 370,221 shares of the chip maker’s stock valued at $17,089,000 after acquiring an additional 6,407 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Intel by 3.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 290,035 shares of the chip maker’s stock valued at $13,388,000 after acquiring an additional 8,408 shares during the period. Finally, Parsec Financial Management Inc. boosted its holdings in Intel by 1.4% during the fourth quarter. Parsec Financial Management Inc. now owns 639,733 shares of the chip maker’s stock valued at $29,530,000 after acquiring an additional 8,593 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.

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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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