Intel Corporation (NASDAQ:INTC)‘s stock had its “hold” rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Friday, July 14th. They presently have a $37.00 price target on the chip maker’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 1.62% from the stock’s current price.
A number of other brokerages also recently issued reports on INTC. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, May 16th. Bank of America Corporation downgraded Intel Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $38.00 in a research note on Wednesday, June 21st. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Intel Corporation in a research note on Tuesday, July 4th. Susquehanna Bancshares Inc reaffirmed a “positive” rating on shares of Intel Corporation in a research note on Tuesday, March 28th. Finally, Vetr raised Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 target price for the company in a research note on Monday, April 10th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.55.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.05% during midday trading on Friday, hitting $36.41. 22,815,910 shares of the stock were exchanged. The company has a market capitalization of $171.09 billion, a P/E ratio of 13.90 and a beta of 1.01. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The firm has a 50-day moving average of $34.64 and a 200-day moving average of $35.74.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts expect that Intel Corporation will post $3.01 EPS for the current year.
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In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the sale, the executive vice president now 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. Insiders have sold 90,497 shares of company stock valued at $3,078,329 over the last 90 days. 0.09% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Watermark Asset Management Inc. bought a new stake in Intel Corporation during the first quarter worth about $113,000. Orrstown Financial Services Inc. raised 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 period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised 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 period. Winfield Associates Inc. raised its stake in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the period. Finally, Vigilant Capital Management LLC raised 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 period. Institutional investors and hedge funds own 67.50% of the company’s stock.
About Intel Corporation
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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