Intel Corporation (NASDAQ:INTC)‘s stock had its “sector perform” rating restated by analysts at Royal Bank Of Canada in a report issued on Friday, October 6th. They currently have a $40.00 price target on the chip maker’s stock, up from their previous price target of $37.00. Royal Bank Of Canada’s price target suggests a potential upside of 0.60% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $42.80 price target for the company. in a research report on Tuesday, October 3rd. ValuEngine raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Intel Corporation in a report on Thursday, September 14th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $38.00 target price on shares of Intel Corporation in a report on Monday, September 11th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.91.
Shares of Intel Corporation (INTC) opened at 39.76 on Friday. The company’s 50 day moving average is $37.23 and its 200-day moving average is $35.94. The firm has a market capitalization of $186.83 billion, a price-to-earnings ratio of 15.18 and a beta of 1.07. Intel Corporation has a one year low of $33.23 and a one year high of $39.95.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. Intel Corporation’s revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Intel Corporation will post $3.01 EPS for the current year.
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In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total transaction of $73,486.92. Following the sale, the executive vice president now owns 108,471 shares in the company, valued at approximately $3,761,774.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated 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 sale, 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 sold a total of 81,608 shares of company stock worth $3,095,110 in the last quarter. Company insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Intel Corporation by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 29 shares during the last quarter. Summit Asset Management LLC increased its holdings in shares of Intel Corporation by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after acquiring an additional 46 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Intel Corporation by 0.9% in the 1st quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after acquiring an additional 50 shares during the last quarter. Conservest Capital Advisors Inc. increased its holdings in shares of Intel Corporation by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after acquiring an additional 51 shares during the last quarter. Finally, Hudock Capital Group LLC increased its holdings in shares of Intel Corporation by 0.4% in the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 67.02% of the company’s stock.
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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