Intel Co. (NASDAQ:INTC)‘s stock had its “hold” rating reiterated by investment analysts at SunTrust Banks, Inc. in a research report issued on Friday, October 27th, The Fly reports. They presently have a $43.00 target price on the chip maker’s stock, up from their previous target price of $39.00. SunTrust Banks, Inc.’s target price would suggest a potential downside of 5.41% from the stock’s current price. SunTrust Banks also issued estimates for Intel’s Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $3.24 EPS, Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $3.27 EPS.
A number of other analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Intel in a research report on Friday, October 27th. Bank of America Corporation raised Intel from a “neutral” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Friday, October 27th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $50.00 price objective (up from $45.00) on shares of Intel in a research report on Friday, October 27th. Stifel Nicolaus increased their price objective on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Intel in a research report on Wednesday, October 18th. Five research 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 assigned a strong buy rating to the company’s stock. Intel presently has an average rating of “Buy” and a consensus target price of $43.28.
Shares of Intel (INTC) opened at $45.46 on Friday. The stock has a market capitalization of $214,620.00, a PE ratio of 14.39, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel has a 1 year low of $33.23 and a 1 year high of $47.30.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (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 had a return on equity of 25.96% and a net margin of 27.96%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. research analysts anticipate that Intel will post 3.25 earnings per share for the current year.
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In other news, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was 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 directly owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,036 shares of company stock worth $28,872,880. Company insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new position in shares of Intel in the third quarter worth $158,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Intel in the third quarter worth $976,000. Stonebridge Capital Advisors LLC increased its stake in shares of Intel by 3.5% in the third quarter. Stonebridge Capital Advisors LLC now owns 101,801 shares of the chip maker’s stock worth $3,877,000 after acquiring an additional 3,485 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in shares of Intel by 1,296.5% in the third quarter. Dana Investment Advisors Inc. now owns 731,111 shares of the chip maker’s stock worth $27,841,000 after acquiring an additional 678,757 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Intel by 2.1% in the third quarter. Sterling Capital Management LLC now owns 200,042 shares of the chip maker’s stock worth $7,618,000 after acquiring an additional 4,079 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors and hedge funds.
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).
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