Intel (NASDAQ:INTC) Given “Buy” Rating at Barclays

Intel (NASDAQ:INTC)‘s stock had its “buy” rating reissued by analysts at Barclays in a report released on Monday, November 13th. They presently have a $55.00 price objective on the chip maker’s stock. Barclays’ price target would indicate a potential upside of 23.10% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, September 6th. ValuEngine cut Intel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel in a report on Thursday, August 31st. Finally, Stifel Nicolaus upped their price objective on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $43.40.

Shares of Intel (NASDAQ INTC) traded down $0.16 during trading on Monday, hitting $44.68. The company had a trading volume of 26,640,551 shares, compared to its average volume of 24,374,716. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel has a 1 year low of $33.23 and a 1 year high of $47.30. The stock has a market cap of $209,851.20, a price-to-earnings ratio of 14.10, a PEG ratio of 1.64 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the firm posted $0.80 EPS. Intel’s revenue was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Intel will post 3.25 earnings per share for the current fiscal year.

In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock worth $68,196,589 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. ARP Americas LLC purchased a new position in Intel during the first quarter worth about $202,000. Russell Investments Group Ltd. increased its holdings in Intel by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock valued at $327,403,000 after buying an additional 68,534 shares in the last quarter. Asset Advisors Corp increased its holdings in Intel by 4.4% in the first quarter. Asset Advisors Corp now owns 11,800 shares of the chip maker’s stock valued at $426,000 after buying an additional 500 shares in the last quarter. First Midwest Bank Trust Division increased its holdings in Intel by 2.0% in the first quarter. First Midwest Bank Trust Division now owns 171,819 shares of the chip maker’s stock valued at $6,198,000 after buying an additional 3,426 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its holdings in Intel by 5.1% in the first quarter. Leavell Investment Management Inc. now owns 98,939 shares of the chip maker’s stock valued at $3,569,000 after buying an additional 4,825 shares in the last quarter. Institutional investors and hedge funds own 67.70% 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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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