Intel (INTC) PT Raised to $60.00 at Barclays

Intel (NASDAQ:INTC) had its price objective increased by analysts at Barclays to $60.00 in a report issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the chip maker’s stock. Barclays’ price target indicates a potential upside of 11.92% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Bank of America reissued a “buy” rating and issued a $65.00 target price on shares of Intel in a research report on Wednesday. Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 target price for the company in a research report on Thursday, April 5th. Morningstar set a $41.00 target price on shares of Intel and gave the stock a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley boosted their target price on shares of Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, KeyCorp boosted their target price on shares of Intel from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.10.

Intel stock opened at $53.61 on Thursday. Intel has a 12-month low of $33.23 and a 12-month high of $54.35. The firm has a market cap of $250,477.09, a P/E ratio of 15.49, a PEG ratio of 1.80 and a beta of 0.95. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts expect that Intel will post 3.54 EPS for the current fiscal year.

In other news, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the completion of the sale, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Navin Shenoy sold 8,967 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $436,423.89. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock valued at $6,011,490 over the last three months. 0.03% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of INTC. Goodman Financial Corp bought a new stake in shares of Intel in the 4th quarter worth approximately $102,000. Virtue Capital Management LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $109,000. Financial Engines Advisors L.L.C. bought a new stake in shares of Intel in the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC raised its holdings in shares of Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Delphi Private Advisors LLC raised its holdings in shares of Intel by 286.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after purchasing an additional 2,157 shares in the last quarter. 69.02% of the stock is owned by institutional investors.

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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).

The Fly

Analyst Recommendations for Intel (NASDAQ:INTC)

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