Intel (NASDAQ:INTC) received a $55.00 price target from stock analysts at Macquarie in a report released on Tuesday. The firm presently has a “buy” rating on the chip maker’s stock. Macquarie’s price target points to a potential upside of 24.69% from the company’s current price.
Other research analysts have also recently issued reports about the company. Stifel Nicolaus upped their price objective on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research report on Friday, October 27th. Instinet upped their target price on Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 target price for the company. in a research report on Tuesday, January 2nd. Finally, BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $49.10.
Intel (NASDAQ INTC) traded down $0.41 on Tuesday, reaching $44.11. The company had a trading volume of 26,737,960 shares, compared to its average volume of 41,541,207. Intel has a 1 year low of $33.23 and a 1 year high of $50.85. The firm has a market cap of $204,050.00, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the previous year, the firm posted $0.79 EPS. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. equities research analysts anticipate that Intel will post 3.51 EPS for the current year.
In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $49.40, for a total value of $427,754.60. Following the completion of the transaction, the chief executive officer now directly owns 263,382 shares in the company, valued at $13,011,070.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 3,072 shares of Intel stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.10, for a total value of $144,691.20. Following the completion of the transaction, the chief executive officer now owns 256,094 shares of the company’s stock, valued at $12,062,027.40. The disclosure for this sale can be found here. Insiders sold 931,253 shares of company stock valued at $41,320,793 over the last quarter. Insiders own 0.08% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Goodman Financial Corp acquired a new position in Intel in the fourth quarter worth about $102,000. Financial Engines Advisors L.L.C. acquired a new position in Intel in the third quarter worth about $119,000. Acrospire Investment Management LLC grew its stake in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the last quarter. Delphi Private Advisors LLC grew its stake in Intel by 286.1% during the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after buying an additional 2,157 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares during the last quarter. Institutional investors own 67.43% 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).