Intel Corporation (NASDAQ:INTC)‘s stock had its “outperform” rating reissued by investment analysts at Robert W. Baird in a report issued on Thursday. They currently have a $42.00 target price on the chip maker’s stock. Robert W. Baird’s price objective would suggest a potential upside of 21.11% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity reiterated a “buy” rating and set a $38.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. Hilliard Lyons began coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. Jefferies Group LLC downgraded shares of 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 research report on Monday, July 10th. Finally, BidaskClub downgraded shares of Intel Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.09.
Shares of Intel Corporation (INTC) traded down 0.793% during trading on Thursday, reaching $34.405. The company’s stock had a trading volume of 6,799,005 shares. The firm’s 50-day moving average price is $35.45 and its 200-day moving average price is $36.08. The company has a market capitalization of $162.01 billion, a price-to-earnings ratio of 14.894 and a beta of 1.00. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. On average, equities analysts anticipate that Intel Corporation will post $2.86 earnings per share for the current year.
In other news, insider Stacy J. Smith sold 29,497 shares of Intel Corporation stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $36.28, for a total value of $1,070,151.16. Following the sale, the insider now owns 318,654 shares in the company, valued at $11,560,767.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction dated Monday, July 3rd. The shares were 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 owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,994 shares of company stock worth $4,166,359. Company insiders own 0.09% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. RB Capital Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter valued at about $858,000. 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 worth $2,333,000 after buying an additional 335 shares during the last quarter. Bank of Nova Scotia Trust Co. raised its position in Intel Corporation by 399.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 42,610 shares of the chip maker’s stock worth $1,545,000 after buying an additional 34,080 shares during the last quarter. Ellington Management Group LLC acquired a new position in Intel Corporation during the fourth quarter worth $203,000. Finally, Exchange Capital Management Inc. raised its position in Intel Corporation by 1.6% in the fourth quarter. Exchange Capital Management Inc. now owns 61,672 shares of the chip maker’s stock worth $2,237,000 after buying an additional 953 shares during the last quarter. Institutional investors and hedge funds own 67.35% 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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