Intel Corporation (NASDAQ:INTC) had its target price lifted by equities research analysts at Roth Capital from $43.00 to $50.00 in a note issued to investors on Friday, October 27th. The brokerage presently has a “buy” rating on the chip maker’s stock. Roth Capital’s target price would suggest a potential upside of 9.70% from the company’s current price.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. Stifel Nicolaus increased their target price on Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, BidaskClub cut Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.00.
Intel Corporation (NASDAQ:INTC) opened at $45.58 on Friday. The stock has a market cap of $213,314.41, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. 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 Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. equities research analysts predict that Intel Corporation will post 3.25 earnings per share for the current year.
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In other Intel Corporation news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now owns 113,086 shares in the company, valued at approximately $4,626,348.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock valued at $28,872,880 over the last three months. Insiders own 0.08% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Zeke Capital Advisors LLC increased its stake in shares of Intel Corporation by 88.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 80,453 shares of the chip maker’s stock valued at $3,064,000 after purchasing an additional 37,720 shares during the last quarter. Vision Capital Management Inc. bought a new position in shares of Intel Corporation in the 3rd quarter valued at $202,000. Amalgamated Bank increased its stake in shares of Intel Corporation by 1.8% in the 3rd quarter. Amalgamated Bank now owns 541,374 shares of the chip maker’s stock valued at $20,616,000 after purchasing an additional 9,705 shares during the last quarter. Farr Miller & Washington LLC DC increased its stake in shares of Intel Corporation by 1.5% in the 3rd quarter. Farr Miller & Washington LLC DC now owns 78,251 shares of the chip maker’s stock valued at $2,980,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of Intel Corporation by 2.3% in the 3rd quarter. Johnson Financial Group Inc. now owns 116,097 shares of the chip maker’s stock valued at $4,421,000 after purchasing an additional 2,564 shares during the last quarter. Institutional investors own 67.17% of the company’s stock.
Intel Corporation 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).
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