Intel (NASDAQ:INTC) had its price target increased by equities research analysts at Stifel Nicolaus from $50.00 to $53.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the chip maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 17.00% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Barclays reissued a “buy” rating and set a $55.00 target price on shares of Intel in a research note on Monday, November 13th. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a research note on Wednesday, October 11th. Goldman Sachs Group set a $43.00 price target on Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Instinet upped their price target on Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.53.
Intel (NASDAQ INTC) opened at $45.30 on Friday. Intel has a 12 month low of $33.23 and a 12 month high of $47.64. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $212,986.80, a PE ratio of 15.84, a P/E/G ratio of 1.64 and a beta of 1.06.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at $11,734,130.54. 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 ninety days. 0.08% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Moloney Securities Asset Management LLC lifted its holdings in shares of Intel by 19.3% in the 4th quarter. Moloney Securities Asset Management LLC now owns 29,097 shares of the chip maker’s stock valued at $1,343,000 after buying an additional 4,697 shares during the period. FTB Advisors Inc. lifted its holdings in shares of Intel by 1.0% in the 4th quarter. FTB Advisors Inc. now owns 292,948 shares of the chip maker’s stock valued at $13,262,000 after buying an additional 2,784 shares during the period. Hays Advisory LLC lifted its holdings in shares of Intel by 20.7% in the 4th quarter. Hays Advisory LLC now owns 9,717 shares of the chip maker’s stock valued at $449,000 after buying an additional 1,667 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Intel by 33.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,562,023 shares of the chip maker’s stock valued at $256,741,000 after buying an additional 1,398,831 shares during the period. Finally, Hanson & Doremus Investment Management lifted its holdings in shares of Intel by 9.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 12,879 shares of the chip maker’s stock valued at $594,000 after buying an additional 1,130 shares during the period. 67.48% of the stock is owned by institutional investors and hedge funds.
WARNING: This article was originally reported by American Market News and is owned by of American Market News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/26/stifel-nicolaus-raises-intel-intc-price-target-to-53-00.html.
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).
