Intel Corporation (NASDAQ:INTC)‘s stock had its “hold” rating restated by Royal Bank Of Canada in a research note issued on Friday, July 14th. They currently have a $37.00 target price on the chip maker’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 1.93% from the company’s previous close.
A number of other research firms have also recently weighed in on INTC. Zacks Investment Research cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Susquehanna Bancshares Inc reissued a “positive” rating on shares of Intel Corporation in a research note on Tuesday, March 28th. Canaccord Genuity reissued a “hold” rating and set a $38.00 target price on shares of Intel Corporation in a research note on Thursday, March 16th. Mizuho reissued a “buy” rating and set a $42.00 target price on shares of Intel Corporation in a research note on Tuesday, April 11th. Finally, Macquarie started coverage on shares of Intel Corporation in a research note on Thursday, March 30th. They set an “outperform” rating and a $40.00 price objective for the company. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have assigned a buy rating to the stock. Intel Corporation currently has a consensus rating of “Hold” and a consensus price target of $40.56.
Shares of Intel Corporation (INTC) traded down 0.52% during trading on Friday, reaching $36.30. The company’s stock had a trading volume of 20,520,301 shares. The stock’s 50-day moving average is $34.56 and its 200-day moving average is $35.72. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The stock has a market cap of $170.57 billion, a P/E ratio of 13.85 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
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In other news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,497 shares of company stock valued at $3,078,329. Insiders own 0.09% of the company’s stock.
Several large investors have recently made changes to their positions in INTC. Glenview Trust Co purchased a new position in shares of Intel Corporation during the fourth quarter valued at about $21,856,000. Federated Investors Inc. PA raised its position in shares of Intel Corporation by 3.5% in the fourth quarter. Federated Investors Inc. PA now owns 1,121,105 shares of the chip maker’s stock valued at $40,662,000 after buying an additional 38,079 shares during the last quarter. Capital Analysts LLC raised its position in shares of Intel Corporation by 2.1% in the fourth quarter. Capital Analysts LLC now owns 30,674 shares of the chip maker’s stock valued at $1,113,000 after buying an additional 619 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of Intel Corporation by 35.1% in the fourth quarter. CWA Asset Management Group LLC now owns 43,308 shares of the chip maker’s stock valued at $1,571,000 after buying an additional 11,259 shares during the last quarter. Finally, FIL Ltd raised its position in Intel Corporation by 53.0% in the fourth quarter. FIL Ltd now owns 2,716,180 shares of the chip maker’s stock worth $98,516,000 after buying an additional 940,782 shares in the last quarter. Institutional investors own 67.41% 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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