Intel Corporation (NASDAQ:INTC)‘s stock had its “market perform” rating reissued by stock analysts at Oppenheimer Holdings, Inc. in a research report issued on Friday, July 14th.
INTC has been the topic of a number of other reports. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Susquehanna Bancshares Inc restated a “positive” rating on shares of Intel Corporation in a report on Tuesday, March 28th. Canaccord Genuity restated a “hold” rating and issued a $38.00 price target on shares of Intel Corporation in a report on Thursday, March 16th. Macquarie reiterated an “outperform” rating and set a $40.00 target price on shares of Intel Corporation in a report on Friday, July 14th. Finally, Mizuho reiterated a “buy” rating and set a $42.00 target price on shares of Intel Corporation in a report on Tuesday, April 11th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.55.
Shares of Intel Corporation (NASDAQ INTC) opened at 36.41 on Friday. The firm has a market cap of $171.09 billion, a P/E ratio of 13.90 and a beta of 1.01. The firm has a 50-day moving average price of $34.64 and a 200-day moving average price of $35.74. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. On average, equities research analysts expect that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
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In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the sale, the insider now owns 1,536 shares in the company, valued at $54,481.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the sale, the executive vice president now owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,497 shares of company stock worth $3,078,329. Corporate insiders own 0.09% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Watermark Asset Management Inc. purchased a new position in shares of Intel Corporation during the first quarter valued at about $113,000. Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares in the last quarter. Winfield Associates Inc. increased its position in shares of Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.
Intel Corporation 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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