Intel Corporation (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a note issued to investors on Wednesday, November 1st. They currently have a $50.00 target price on the chip maker’s stock. Stifel Nicolaus’ price target suggests a potential upside of 9.70% from the stock’s current price.
Other equities analysts have also issued reports about the stock. B. Riley reissued a “buy” rating and issued a $46.00 price objective on shares of Intel Corporation in a research report on Friday, July 28th. Summit Redstone reaffirmed a “hold” rating on shares of Intel Corporation in a research report on Saturday, July 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price target on shares of Intel Corporation in a research report on Sunday, July 30th. Hilliard Lyons initiated coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target on the stock. Finally, Robert W. Baird reiterated an “outperform” rating and set a $42.00 price objective on shares of Intel Corporation in a research note on Thursday, July 13th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $43.28.
Intel Corporation (INTC) opened at $45.58 on Wednesday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The firm has a market cap of $213,314.41, a P/E ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09. 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 announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. sell-side analysts expect that Intel Corporation will post 3.25 EPS for the current fiscal year.
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In other news, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the sale, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 659,036 shares of company stock valued at $28,872,880. Insiders own 0.08% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Intel Corporation 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 purchasing an additional 8,087,302 shares during the period. Capital World Investors lifted its stake in Intel Corporation by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors lifted its stake in Intel Corporation by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP lifted its stake in Intel Corporation by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock worth $1,707,253,000 after acquiring an additional 177,919 shares during the period. Finally, Legal & General Group Plc lifted its stake in Intel Corporation by 2.0% in the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after acquiring an additional 502,225 shares during the period. 67.17% of the stock is owned by hedge funds and other institutional investors.
About Intel Corporation
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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