Intel (NASDAQ:INTC) had its price objective boosted by investment analysts at MKM Partners to $55.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the chip maker’s stock. MKM Partners’ price objective suggests a potential upside of 9.82% from the company’s previous close.
INTC has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel in a report on Friday, October 6th. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Intel in a report on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $45.00 target price on shares of Intel in a report on Friday, October 27th. Finally, Morningstar set a $41.00 target price on Intel and gave the stock a “neutral” rating in a report on Friday. 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 stock. The stock currently has an average rating of “Buy” and an average target price of $48.31.
Shares of Intel (INTC) traded up $4.78 during trading hours on Friday, hitting $50.08. The company’s stock had a trading volume of 84,104,806 shares, compared to its average volume of 35,760,000. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $50.15. The stock has a market capitalization of $259,110.00, a price-to-earnings ratio of 25.29, a PEG ratio of 1.63 and a beta of 1.06. 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 (NASDAQ:INTC) last announced 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 firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.35% and a net margin of 15.30%. Intel’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 earnings per share. analysts expect that Intel will post 3.3 earnings per share for the current fiscal year.
In related news, 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 value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 110,850 shares in the company, valued at $4,931,716.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,491,324 shares of company stock worth $66,012,099. Insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. purchased a new stake in shares of Intel during the 3rd quarter worth about $119,000. Acrospire Investment Management LLC lifted its stake in 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 buying an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in 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 buying an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Intel in the 3rd quarter valued at about $158,000. Finally, Family Capital Trust Co lifted its stake in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after buying an additional 3,500 shares in the last quarter. 67.48% of the stock is currently owned by hedge funds and other institutional investors.
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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).