Intel (NASDAQ:INTC) was upgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Friday, Marketbeat.com reports. The firm currently has a $55.00 target price on the chip maker’s stock. Credit Suisse Group’s target price suggests a potential upside of 9.82% from the company’s previous close.
A number of other research analysts have also weighed in on INTC. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target on the stock. in a research note on Tuesday, October 3rd. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho reissued a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel in a research note on Monday, October 9th. Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, October 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $43.00 price target on shares of Intel in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.97.
Intel (NASDAQ INTC) traded up $4.78 during mid-day trading on Friday, reaching $50.08. The company had a trading volume of 86,697,383 shares, compared to its average volume of 35,760,000. 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. The stock has a market cap of $259,110.00, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.63 and a beta of 1.06.
In other news, EVP Diane M. Bryant sold 570 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the transaction, the executive vice president now owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now directly owns 428,789 shares in the company, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders have sold 1,491,324 shares of company stock worth $66,012,099 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Financial Engines Advisors L.L.C. bought a new position in Intel in the third quarter worth about $119,000. Acrospire Investment Management LLC lifted its holdings in Intel by 111.8% in 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 lifted its holdings in Intel by 47.1% in 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. lifted its holdings in Intel by 6.0% in 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 Intel in the third quarter worth about $158,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.
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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).
