Intel (NASDAQ:INTC) received a $44.00 target price from analysts at Royal Bank of Canada in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the chip maker’s stock. Royal Bank of Canada’s target price would indicate a potential downside of 1.65% from the company’s previous close.
INTC has been the topic of several other reports. KeyCorp reiterated a “buy” rating and issued a $50.00 target price on shares of Intel in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 target price on shares of Intel in a research note on Friday, October 27th. Deutsche Bank reissued a “buy” rating and issued a $45.00 price target on shares of Intel in a report on Friday, October 27th. Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $50.00 price target (up from $45.00) on shares of Intel in a report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and a consensus price target of $44.65.
Shares of Intel (NASDAQ:INTC) traded up $0.31 during mid-day trading on Thursday, hitting $44.74. The company’s stock had a trading volume of 41,444,300 shares, compared to its average volume of 31,870,000. Intel has a one year low of $33.23 and a one year high of $47.64. The stock has a market cap of $209,380.00, a P/E ratio of 15.70, a P/E/G ratio of 1.62 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.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the completion of the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Capital World Investors grew its position in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors grew its position in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP grew its position in Intel by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after acquiring an additional 397,082 shares during the period. Finally, Legal & General Group Plc grew its position in Intel by 2.0% during the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after acquiring an additional 502,225 shares during the period. 67.54% of the stock is owned by institutional investors.
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).
