Intel (NASDAQ:INTC) Price Target Raised to $50.00 at Barclays

Intel (NASDAQ:INTC) had its target price lifted by Barclays from $45.00 to $50.00 in a research note released on Wednesday, The Fly reports. They currently have an underweight rating on the chip maker’s stock.

A number of other research analysts have also recently commented on the stock. Credit Suisse Group set a $80.00 target price on shares of Intel in a research report on Tuesday. The Goldman Sachs Group reaffirmed a sell rating and issued a $44.00 price target (down from $51.00) on shares of Intel in a report on Friday, October 22nd. Citigroup cut their price target on shares of Intel from $57.00 to $52.00 and set a neutral rating on the stock in a report on Friday, October 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $58.00 to $55.00 and set a hold rating on the stock in a report on Friday, October 22nd. Finally, BMO Capital Markets lowered shares of Intel from an outperform rating to a market perform rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Tuesday, October 26th. Eleven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $57.71.

Shares of INTC stock opened at $55.70 on Wednesday. The stock has a market cap of $226.53 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.53. The company has a quick ratio of 1.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Intel has a fifty-two week low of $47.87 and a fifty-two week high of $68.49. The firm’s 50 day moving average price is $51.20 and its two-hundred day moving average price is $52.87.

Intel (NASDAQ:INTC) last posted its earnings results on Wednesday, October 20th. The chip maker reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.60. Intel had a net margin of 26.89% and a return on equity of 28.74%. The business had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.22 billion. During the same period in the previous year, the company posted $1.11 earnings per share. On average, equities analysts forecast that Intel will post 5.28 EPS for the current fiscal year.

In other Intel news, EVP Gregory M. Bryant sold 1,417 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $49.69, for a total transaction of $70,410.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dion J. Weisler acquired 10,351 shares of Intel stock in a transaction on Thursday, October 28th. The shares were purchased at an average cost of $48.11 per share, with a total value of $497,986.61. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of INTC. Amundi purchased a new stake in Intel during the second quarter valued at about $1,016,365,000. Third Point LLC lifted its stake in Intel by 1,300.0% during the second quarter. Third Point LLC now owns 14,000,000 shares of the chip maker’s stock valued at $785,960,000 after buying an additional 13,000,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Intel by 407.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,628,572 shares of the chip maker’s stock valued at $484,408,000 after buying an additional 6,928,482 shares in the last quarter. Nordea Investment Management AB lifted its stake in Intel by 99.3% during the third quarter. Nordea Investment Management AB now owns 10,794,070 shares of the chip maker’s stock valued at $580,936,000 after buying an additional 5,379,319 shares in the last quarter. Finally, Generation Investment Management LLP lifted its stake in Intel by 75.1% during the third quarter. Generation Investment Management LLP now owns 12,392,297 shares of the chip maker’s stock valued at $660,262,000 after buying an additional 5,313,431 shares in the last quarter. 61.94% of the stock is owned by institutional investors.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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