Shares of Intel Co. (NASDAQ:INTC) have been assigned a consensus recommendation of “Hold” from the forty-eight ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and twenty-seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.00.
A number of brokerages have recently commented on INTC. Sanford C. Bernstein set a $54.00 target price on shares of Intel and gave the company a “neutral” rating in a report on Wednesday, June 6th. Northland Securities cut shares of Intel from a “market perform” rating to an “underperform” rating in a report on Monday, June 18th. BNP Paribas reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Intel in a report on Monday, May 14th. Cowen began coverage on shares of Intel in a report on Thursday, May 17th. They issued a “market perform” rating and a $55.00 target price for the company. Finally, BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th.
NASDAQ INTC traded up $0.26 during trading hours on Friday, hitting $49.97. The company had a trading volume of 1,668,440 shares, compared to its average volume of 30,357,904. Intel has a 1-year low of $33.23 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23. The company has a market capitalization of $232.56 billion, a PE ratio of 14.28, a P/E/G ratio of 1.48 and a beta of 0.97.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. Intel had a net margin of 17.32% and a return on equity of 25.41%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. research analysts expect that Intel will post 4 earnings per share for the current year.
In other Intel news, CEO Brian M. Krzanich sold 3,072 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $52.78, for a total value of $162,140.16. Following the completion of the transaction, the chief executive officer now directly owns 259,683 shares of the company’s stock, valued at $13,706,068.74. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Navin Shenoy sold 601 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $52.19, for a total transaction of $31,366.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,192 shares of company stock valued at $693,559. 0.03% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Elmwood Wealth Management Inc. acquired a new stake in shares of Intel in the first quarter valued at approximately $110,000. Goodman Financial Corp acquired a new stake in shares of Intel in the fourth quarter valued at approximately $102,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Intel in the first quarter valued at approximately $120,000. Virtue Capital Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $109,000. Finally, Delphi Private Advisors LLC grew its position in shares of Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after purchasing an additional 2,157 shares during the last quarter. 66.90% of the stock is owned by institutional investors.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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