Intel (NASDAQ:INTC) had its price target upped by analysts at KeyCorp from $50.00 to $60.00 in a research report issued to clients and investors on Friday. The firm presently has an “overweight” rating on the chip maker’s stock. KeyCorp’s target price points to a potential upside of 19.81% from the company’s previous close.
A number of other equities analysts have also commented on INTC. ValuEngine raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target on the stock. in a research report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Intel in a research report on Friday, October 6th. Mizuho reaffirmed a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Intel in a research report on Monday, October 9th. Finally, Susquehanna Bancshares raised their price target on shares of Intel from $45.00 to $46.00 and gave the stock a “positive” rating in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. Intel currently has a consensus rating of “Buy” and an average price target of $47.97.
Intel (NASDAQ:INTC) traded up $4.78 during trading hours on Friday, reaching $50.08. 86,697,383 shares of the company were exchanged, compared to its average volume of 35,760,000. Intel has a 1-year low of $33.23 and a 1-year high of $50.15. The company has a market capitalization of $259,110.00, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. 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 news, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’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 transaction of $66,543.52. Following the completion of the transaction, 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. Insiders sold a total of 1,491,324 shares of company stock worth $66,012,099 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Engines Advisors L.L.C. bought a new stake in shares of Intel in the 3rd quarter valued at $119,000. Acrospire Investment Management LLC increased its stake in shares of Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 1,233 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of 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 acquiring an additional 265 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Intel in the 3rd quarter valued at $158,000. 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).
