Sanford C. Bernstein reaffirmed their neutral rating on shares of Intel (NASDAQ:INTC) in a research note issued to investors on Thursday. They currently have a $54.00 price objective on the chip maker’s stock.
Other equities analysts also recently issued reports about the stock. Wells Fargo & Co reiterated a buy rating and issued a $65.00 price objective on shares of Intel in a report on Thursday. Stifel Nicolaus upped their price objective on shares of Intel from $57.00 to $60.00 and gave the company a hold rating in a report on Thursday. Vetr downgraded shares of Intel from a buy rating to a hold rating and set a $54.70 price objective on the stock. in a report on Wednesday, April 18th. Robert W. Baird reiterated a buy rating and issued a $62.00 price objective on shares of Intel in a report on Monday, March 26th. Finally, Argus upped their price objective on shares of Intel to $65.00 and gave the company a buy rating in a report on Monday, April 30th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have issued a buy rating to the stock. Intel presently has a consensus rating of Buy and a consensus target price of $55.75.
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Shares of Intel traded up $0.68, hitting $52.87, on Thursday, Marketbeat reports. The company had a trading volume of 243,463 shares, compared to its average volume of 25,158,368. Intel has a 1-year low of $33.23 and a 1-year high of $57.60. The company has a market cap of $250.10 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. Intel had a net margin of 17.32% and a return on equity of 25.41%. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. equities research analysts expect that Intel will post 3.84 earnings per share for the current year.
In other news, EVP Navin Shenoy sold 1,010 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $52.80, for a total value of $53,328.00. Following the completion of the transaction, the executive vice president now owns 32,920 shares of the company’s stock, valued at $1,738,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 3,072 shares of the stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $52.78, for a total transaction 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 approximately $13,706,068.74. The disclosure for this sale can be found here. Insiders sold 13,192 shares of company stock valued at $693,559 in the last three months. Company insiders own 0.03% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goodman Financial Corp bought a new position in Intel in the 4th quarter valued at approximately $102,000. Virtue Capital Management LLC bought a new position in Intel in the 4th quarter valued at approximately $109,000. Elmwood Wealth Management Inc. bought a new position in Intel in the 1st quarter valued at approximately $110,000. Financial Gravity Wealth Inc. bought a new position in Intel in the 1st quarter valued at approximately $120,000. Finally, Delphi Private Advisors LLC raised its holdings in Intel by 286.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after buying an additional 2,157 shares during the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.
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.