Intel (NASDAQ:INTC) has been given a $43.00 price target by research analysts at Goldman Sachs Group in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the chip maker’s stock. Goldman Sachs Group’s price objective would suggest a potential downside of 0.78% from the stock’s previous close.
INTC has been the subject of several other research reports. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, September 6th. ValuEngine cut shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 target price for the company in a report on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel in a research note on Thursday, August 31st. Finally, Stifel Nicolaus increased their price target on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.97.
Shares of Intel (INTC) traded up $0.01 during trading hours on Tuesday, reaching $43.34. 21,399,400 shares of the company’s stock traded hands, compared to its average volume of 23,616,738. Intel has a 1 year low of $33.23 and a 1 year high of $47.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market capitalization of $202,784.41, a P/E ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. equities analysts forecast that Intel will post 3.25 earnings per share for the current year.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,548,914 shares of company stock worth $68,196,589. 0.08% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Lourd Capital LLC boosted its position in Intel by 1.1% during the 1st quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock worth $328,000 after buying an additional 99 shares during the period. Virtu Financial LLC acquired a new stake in Intel during the 1st quarter worth approximately $822,000. Alerus Financial NA boosted its position in Intel by 3.5% during the 1st quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock worth $2,397,000 after buying an additional 2,238 shares during the period. Vigilant Capital Management LLC boosted its position in Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in Intel by 0.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock worth $3,311,000 after buying an additional 706 shares during the period. Hedge funds and other institutional investors own 67.69% of the company’s stock.
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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