Intel Corporation (NASDAQ:INTC)‘s stock had its “hold” rating restated by investment analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $37.00 price objective on the chip maker’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 7.34% from the company’s previous close.
A number of other equities analysts have also issued reports on INTC. B. Riley restated a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Monday, April 3rd. Vetr lowered Intel Corporation from a “buy” rating to a “hold” rating and set a $37.50 target price for the company. in a research note on Monday, April 3rd. Jefferies Group LLC set a $38.00 target price on Intel Corporation and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Wells Fargo & Company restated an “outperform” rating and issued a $45.00 target price on shares of Intel Corporation in a research note on Wednesday, April 19th. Finally, Cowen and Company restated a “market perform” rating and issued a $39.00 target price on shares of Intel Corporation in a research note on Friday, April 28th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.09.
Shares of Intel Corporation (NASDAQ:INTC) traded up 0.03% during mid-day trading on Friday, hitting $34.48. The company had a trading volume of 11,128,863 shares. The company has a market capitalization of $162.37 billion, a price-to-earnings ratio of 14.93 and a beta of 1.00. The company has a 50-day moving average price of $35.45 and a 200-day moving average price of $36.07. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The firm had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corporation will post $2.86 EPS for the current year.
In related news, insider Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the sale, the insider now owns 318,654 shares in the company, valued at $11,560,767.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $36.11, for a total transaction of $505,431.67. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $55,464.96. The disclosure for this sale can be found here. Insiders sold 119,994 shares of company stock worth $4,166,359 over the last quarter. Company insiders own 0.09% of the company’s stock.
A number of hedge funds have recently made changes to their positions in INTC. Good Life Advisors LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $203,000. Asset Management One Co. Ltd. raised its stake in shares of Intel Corporation by 705.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,295,798 shares of the chip maker’s stock worth $301,186,000 after buying an additional 7,265,442 shares during the period. Stellar Capital Management LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $4,715,000. Wilkins Investment Counsel Inc. raised its stake in shares of Intel Corporation by 3.4% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 298,717 shares of the chip maker’s stock worth $10,834,000 after buying an additional 9,740 shares during the period. Finally, Elkfork Partners LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $81,579,000. Hedge funds and other institutional investors own 67.35% of the company’s stock.
Intel Corporation Company Profile
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).
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