Intel Corporation (NASDAQ:INTC)‘s stock had its “buy” rating reaffirmed by stock analysts at Loop Capital in a research note issued on Friday, July 28th. They presently have a $45.00 price objective on the chip maker’s stock, up from their prior price objective of $43.00. Loop Capital’s target price would indicate a potential upside of 22.98% from the company’s current price.
INTC has been the subject of several other research reports. Zacks Investment Research downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price objective for the company. Canaccord Genuity restated a “hold” rating on shares of Intel Corporation in a research report on Saturday, June 3rd. Northland Securities set a $40.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Barclays PLC restated an “overweight” rating on shares of Intel Corporation in a research report on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.55.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.49% on Friday, reaching $36.59. 22,796,797 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $34.64 and a 200 day moving average of $35.74. The firm has a market capitalization of $171.94 billion, a P/E ratio of 13.97 and a beta of 1.01. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. On average, equities research analysts predict that Intel Corporation will post $3.01 EPS for the current year.
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In related news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Holmes Swan acquired 13,888 shares of Intel Corporation stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the purchase, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders have sold 91,921 shares of company stock worth $3,130,162 over the last 90 days. 0.09% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of INTC. Watermark Asset Management Inc. bought a new stake in Intel Corporation during the first quarter worth about $113,000. Orrstown Financial Services Inc. boosted its stake in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in 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 worth $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted its stake in Intel Corporation by 22.6% in the first 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 last quarter. Finally, Security Asset Management bought a new stake in Intel Corporation during the fourth quarter worth about $162,000. 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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