Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by stock analysts at Mizuho in a note issued to investors on Tuesday, December 26th, MarketBeat.com reports. They currently have a $47.00 price target on the chip maker’s stock. Mizuho’s price target indicates a potential upside of 8.77% from the company’s current price.
Several other equities research analysts also recently issued reports on INTC. B. Riley reissued a “buy” rating and issued a $53.00 price objective on shares of Intel in a research note on Friday, October 27th. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $43.00 target price (up from $39.00) on shares of Intel in a research report on Friday, October 27th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Intel in a report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.78.
Shares of Intel (NASDAQ:INTC) opened at $43.21 on Tuesday. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $47.64. The company has a market capitalization of $202,220.00, a price-to-earnings ratio of 15.16, a PEG ratio of 1.57 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the 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 return on equity of 22.65% and a net margin of 22.31%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. sell-side analysts anticipate that Intel will post 3.25 EPS for the current year.
In other news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 113,086 shares in the company, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Company insiders own 0.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter worth $119,000. Acrospire Investment Management LLC lifted its stake in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares during the last quarter. Winfield Associates Inc. lifted its stake in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in Intel during the third quarter worth $158,000. 67.54% of the stock is currently owned by institutional investors.
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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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