Intel Corporation (NASDAQ:INTC) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Wednesday. The firm currently has a $44.36 target price on the chip maker’s stock. Vetr‘s price target indicates a potential upside of 12.88% from the stock’s current price.
Several other equities research analysts have also commented on INTC. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price objective on shares of Intel Corporation in a research note on Friday, July 14th. Credit Suisse Group restated a “neutral” rating and set a $35.00 target price on shares of Intel Corporation in a report on Tuesday, July 4th. Bank of America Corporation cut Intel Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $42.00 to $38.00 in a report on Wednesday, June 21st. Finally, ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.75.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.88% during mid-day trading on Wednesday, reaching $39.30. The company’s stock had a trading volume of 30,754,708 shares. The firm’s 50-day moving average price is $36.89 and its 200 day moving average price is $35.88. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $39.95. The firm has a market cap of $184.67 billion, a P/E ratio of 15.00 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the business earned $0.59 EPS. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect that Intel Corporation will post $3.01 EPS for the current year.
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In related news, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the sale, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last three months, insiders sold 81,608 shares of company stock valued at $3,095,110. 0.08% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Watermark Asset Management Inc. acquired a new position in Intel Corporation during the first quarter worth about $113,000. Acrospire Investment Management LLC raised its stake in Intel Corporation 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 acquiring an additional 1,900 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares in the last quarter. Finally, Winfield Associates Inc. raised its stake in Intel Corporation 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 acquiring an additional 265 shares in the last quarter. 67.02% of the stock is owned by institutional investors and hedge funds.
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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