Intel (INTC) Given a $44.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $44.00 price objective on Intel (NASDAQ:INTC) in a report released on Thursday morning. The brokerage currently has a neutral rating on the chip maker’s stock.

A number of other research firms have also recently commented on INTC. Mizuho reaffirmed a buy rating and set a $47.00 price target on shares of Intel in a research note on Tuesday, December 26th. Vetr cut shares of Intel from a strong-buy rating to a buy rating and set a $48.80 price target for the company. in a research note on Tuesday. BidaskClub cut shares of Intel from a strong-buy rating to a buy rating in a research note on Wednesday, December 27th. Canaccord Genuity lifted their price target on shares of Intel from $41.00 to $45.00 and gave the stock a hold rating in a research note on Friday, November 17th. Finally, Barclays reaffirmed a buy rating and set a $55.00 price target on shares of Intel in a research note on Monday, November 13th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Intel has a consensus rating of Buy and a consensus target price of $44.65.

Shares of Intel (NASDAQ:INTC) traded up $0.31 during trading hours on Thursday, hitting $44.74. 38,497,266 shares of the company’s stock were exchanged, compared to its average volume of 76,349,633. Intel has a 1-year low of $33.23 and a 1-year high of $47.64. The stock has a market cap of $209,380.00, a PE ratio of 15.70, a P/E/G ratio of 1.64 and a beta of 1.06. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same period last year, the company posted $0.80 EPS. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts forecast that Intel will post 3.25 earnings per share for the current year.

In other news, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now owns 110,850 shares in the company, valued at approximately $4,931,716.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold a total of 1,487,054 shares of company stock valued at $65,800,132 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Comerica Securities Inc. grew its position in shares of Intel by 450.2% in the 1st quarter. Comerica Securities Inc. now owns 123,464 shares of the chip maker’s stock worth $4,453,000 after buying an additional 101,026 shares during the last quarter. InterOcean Capital LLC grew its position in shares of Intel by 2.7% in the 1st quarter. InterOcean Capital LLC now owns 342,196 shares of the chip maker’s stock worth $12,343,000 after buying an additional 8,939 shares during the last quarter. Hayek Kallen Investment Management grew its position in shares of Intel by 0.7% in the 1st quarter. Hayek Kallen Investment Management now owns 130,740 shares of the chip maker’s stock worth $4,716,000 after buying an additional 952 shares during the last quarter. Good Life Advisors LLC grew its position in shares of Intel by 87.7% in the 1st quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock worth $378,000 after buying an additional 4,848 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Intel by 69.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock worth $333,000 after buying an additional 3,778 shares during the last quarter. Institutional investors and hedge funds 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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