Intel (INTC) PT Raised to $50.00

Intel (NASDAQ:INTC) had its price objective increased by equities researchers at Needham & Company LLC from $45.00 to $50.00 in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the chip maker’s stock. Needham & Company LLC’s price objective would suggest a potential downside of 0.16% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Credit Suisse Group raised shares of Intel from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a research report on Friday. They noted that the move was a valuation call. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price on the stock. in a research report on Wednesday, January 17th. KeyCorp lifted their target price on shares of Intel from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, SunTrust Banks reissued a “hold” rating and set a $43.00 target price (up previously from $39.00) on shares of Intel in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.97.

Intel (NASDAQ INTC) traded up $4.78 during mid-day trading on Friday, reaching $50.08. The company’s 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 $259,110.00, a P/E ratio of 25.29, a P/E/G ratio of 1.63 and a beta of 1.06. 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 fifty-two week low of $33.23 and a fifty-two week high of $50.15.

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

In other news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 2,155 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total transaction of $98,332.65. Following the transaction, the executive vice president now owns 20,933 shares of the company’s stock, valued at $955,172.79. The disclosure for this sale can be found here. Insiders have sold a total of 1,491,324 shares of company stock valued at $66,012,099 over the last 90 days. Company insiders own 0.08% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. grew its position in Intel by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares in the last quarter. Paradigm Financial Advisors LLC grew its position in Intel by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares in the last quarter. Bank of Stockton grew its position in Intel by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares in the last quarter. Marathon Capital Management grew its position in Intel by 0.7% in the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares in the last quarter. Finally, Sonata Capital Group Inc. grew its position in Intel by 0.9% in the second quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock worth $400,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 67.48% 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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