Intel (NASDAQ:INTC) had its price objective hoisted by research analysts at Sanford C. Bernstein from $42.00 to $50.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has an “underperform” rating on the chip maker’s stock. Sanford C. Bernstein’s price target points to a potential downside of 26.98% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group reiterated a “sell” rating and issued a $48.00 target price on shares of Intel in a research report on Friday, October 25th. Mizuho increased their target price on shares of Intel from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday. SunTrust Banks increased their target price on shares of Intel from $58.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group upgraded shares of Intel from an “underperform” rating to a “hold” rating and increased their target price for the company from $40.00 to $64.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $80.00 target price on shares of Intel in a research report on Friday. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus target price of $64.26.
Shares of INTC opened at $68.47 on Friday. The firm has a 50-day moving average price of $59.25 and a 200 day moving average price of $53.65. The firm has a market capitalization of $275.44 billion, a PE ratio of 14.51, a P/E/G ratio of 1.79 and a beta of 0.91. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. Intel has a 52-week low of $42.86 and a 52-week high of $69.29.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.27. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $19.23 billion. Intel had a net margin of 29.25% and a return on equity of 29.33%. Intel’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, equities analysts expect that Intel will post 4.72 EPS for the current year.
Intel announced that its board has approved a share repurchase plan on Thursday, October 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other Intel news, Director Frank D. Yeary sold 12,545 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $60.35, for a total transaction of $757,090.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Goetz acquired 86,500 shares of Intel stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $58.24 per share, with a total value of $5,037,760.00. Following the completion of the purchase, the director now directly owns 137,720 shares of the company’s stock, valued at approximately $8,020,812.80. The disclosure for this purchase can be found here. Insiders have sold 81,284 shares of company stock valued at $4,517,194 over the last ninety days. Insiders own 0.02% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Tower View Investment Management & Research LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $31,000. Corbenic Partners LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $41,000. Intercontinental Wealth Advisors LLC lifted its position in shares of Intel by 83.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after purchasing an additional 450 shares in the last quarter. Lenox Wealth Advisors LLC lifted its position in shares of Intel by 117.4% in the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after purchasing an additional 540 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Intel by 114.7% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 976,135 shares of the chip maker’s stock worth $58,000 after purchasing an additional 521,534 shares in the last quarter. 65.48% of the stock is owned by institutional investors.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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