A number of other brokerages have also weighed in on INTC. Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 target price on the stock in a research report on Friday, August 16th. ValuEngine lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley raised their target price on shares of Intel from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Goldman Sachs Group restated a “sell” rating and issued a $47.00 target price on shares of Intel in a research report on Friday, July 26th. Finally, Atlantic Securities assumed coverage on shares of Intel in a research report on Monday, July 22nd. They issued an “underweight” rating and a $38.00 target price on the stock. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $54.09.
Intel stock traded down $0.38 during mid-day trading on Wednesday, reaching $52.63. The company had a trading volume of 726,988 shares, compared to its average volume of 19,875,556. Intel has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market cap of $229.56 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.58 and a beta of 0.90. The business has a fifty day simple moving average of $48.25 and a 200 day simple moving average of $49.89.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Research analysts forecast that Intel will post 4.38 EPS for the current year.
In other Intel news, CEO Robert Holmes Swan bought 10,918 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the transaction, the chief executive officer now directly owns 168,955 shares in the company, valued at approximately $7,721,243.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO George S. Davis acquired 5,458 shares of Intel stock in a transaction on Wednesday, August 28th. The stock was purchased at an average cost of $45.70 per share, with a total value of $249,430.60. Following the completion of the transaction, the chief financial officer now directly owns 13,276 shares in the company, valued at approximately $606,713.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 39,033 shares of company stock valued at $1,961,792. Insiders own 0.02% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ogorek Anthony Joseph NY ADV increased its stake in shares of Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after acquiring an additional 500 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of Intel by 273.2% in the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after buying an additional 2,442 shares during the last quarter. Virtus ETF Advisers LLC purchased a new position in shares of Intel in the fourth quarter worth approximately $48,000. Next Capital Management LLC purchased a new position in shares of Intel in the second quarter worth approximately $48,000. Finally, Stevens First Principles Investment Advisors purchased a new position in shares of Intel in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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