Intel Corporation (NASDAQ:INTC)‘s stock had its “market perform” rating reiterated by analysts at BMO Capital Markets in a report issued on Sunday, July 30th. They presently have a $34.00 price target on the chip maker’s stock. BMO Capital Markets’ price target indicates a potential downside of 2.88% from the stock’s previous close.
INTC has been the topic of a number of other research reports. Zacks Investment Research downgraded Intel Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Credit Suisse Group set a $35.00 price target on Intel Corporation and gave the stock a “hold” rating in a research report on Saturday, July 29th. Macquarie reissued an “outperform” rating and set a $40.00 price target on shares of Intel Corporation in a research report on Friday, July 14th. Mizuho reissued a “buy” rating and set a $42.00 price target on shares of Intel Corporation in a research report on Tuesday, April 11th. Finally, Jefferies Group LLC downgraded Intel Corporation from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $29.00 to $28.00 in a research report on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.55.
Intel Corporation (NASDAQ INTC) opened at 35.01 on Friday. The firm has a 50-day moving average price of $35.09 and a 200 day moving average price of $35.65. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The firm has a market capitalization of $164.51 billion, a price-to-earnings ratio of 13.36 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. On average, equities analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
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In other news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 in the last 90 days. Company insiders own 0.09% of the company’s stock.
A number of large investors have recently made changes to their positions in INTC. SRS Capital Advisors Inc. bought a new stake in shares of Intel Corporation during the fourth quarter worth $198,000. Janus Capital Management LLC raised its stake in shares of Intel Corporation by 38.0% in the fourth quarter. Janus Capital Management LLC now owns 5,192,422 shares of the chip maker’s stock worth $188,329,000 after buying an additional 1,429,533 shares during the last quarter. Cheviot Value Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth $543,000. Glassman Wealth Services raised its stake in shares of Intel Corporation by 2.3% in the fourth quarter. Glassman Wealth Services now owns 17,849 shares of the chip maker’s stock worth $647,000 after buying an additional 402 shares during the last quarter. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth $769,000. Institutional investors own 67.31% 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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