Intel Corporation (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by research analysts at Mizuho in a research note issued on Sunday, July 30th. They presently have a $42.00 price target on the chip maker’s stock. Mizuho’s target price would indicate a potential upside of 19.97% from the stock’s current price.
INTC has been the subject of several other research reports. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Credit Suisse Group set a $35.00 price objective on Intel Corporation and gave the company a “hold” rating in a report on Saturday, July 29th. Macquarie restated an “outperform” rating and issued a $40.00 price objective on shares of Intel Corporation in a report on Friday, July 14th. Jefferies Group LLC lowered Intel Corporation from a “hold” rating to an “underperform” rating and cut their price objective for the company from $29.00 to $28.00 in a report on Monday, July 10th. Finally, BidaskClub downgraded Intel Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 5th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company. Intel Corporation has a consensus rating of “Hold” and an average target price of $40.55.
Intel Corporation (NASDAQ:INTC) opened at 35.01 on Friday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The stock has a market cap of $164.51 billion, a PE ratio of 13.36 and a beta of 1.01. The stock has a 50 day moving average price of $35.09 and a 200-day moving average price of $35.65.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data 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. The business had revenue of $14.76 billion during 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 revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, analysts expect that Intel Corporation will post $3.01 EPS for the current year.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Holmes Swan purchased 13,888 shares of Intel Corporation stock in a transaction dated Monday, June 5th. The stock was bought at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the transaction, the chief financial officer now directly owns 8,774 shares in the company, valued at $318,583.94. The disclosure for this purchase can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 over the last three months. Insiders own 0.09% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sigma Planning Corp raised its position in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares in the last quarter. RB Capital Management LLC bought a new position in Intel Corporation during the fourth quarter valued at about $858,000. Ellington Management Group LLC bought a new position in Intel Corporation during the fourth quarter valued at about $203,000. Ronna Sue Cohen raised its position in Intel Corporation by 1.0% in the second quarter. Ronna Sue Cohen now owns 111,443 shares of the chip maker’s stock valued at $3,760,000 after buying an additional 1,058 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Intel Corporation during the fourth quarter valued at about $544,000. Institutional investors and hedge funds own 67.31% 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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