Intel (INTC) Stock Rating Reaffirmed by Nomura

Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by stock analysts at Nomura in a research report issued on Thursday. They presently have a $50.00 price target on the chip maker’s stock. Nomura’s price target points to a potential upside of 13.31% from the company’s current price.

A number of other research analysts also recently issued reports on INTC. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 6th. Canaccord Genuity reiterated a “hold” rating and set a $38.00 target price on shares of Intel in a research report on Monday, September 11th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Intel in a research report on Thursday, September 14th. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective on the stock. in a report on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.43.

Intel (INTC) traded down $1.13 during trading on Thursday, hitting $44.13. 66,635,451 shares of the company were exchanged, compared to its average volume of 69,909,352. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel has a 52 week low of $33.23 and a 52 week high of $47.64. The firm has a market cap of $206,640.00, a P/E ratio of 15.48, a PEG ratio of 1.70 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the company earned $0.80 EPS. Intel’s quarterly revenue was up 2.4% compared to the same quarter last year. analysts anticipate that Intel will post 3.25 earnings per share for the current fiscal year.

In other news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares in the company, valued at approximately $19,209,747.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,487,054 shares of company stock valued at $65,800,132. Company insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Jackson Grant Investment Advisers Inc. grew its position in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the period. Conservest Capital Advisors Inc. grew its position in Intel by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares during the period. Paradigm Financial Advisors LLC grew its position in Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after buying an additional 67 shares during the period. Bank of Stockton grew its position in Intel by 0.4% during the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after buying an additional 72 shares during the period. Finally, Marathon Capital Management boosted its position in Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.

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About Intel

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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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