Intel (INTC) Stock Rating Reaffirmed by Bank of America

Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by analysts at Bank of America in a research report issued on Wednesday. They presently have a $65.00 price objective on the chip maker’s stock. Bank of America’s price target would indicate a potential upside of 24.47% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Argus reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, January 5th. Nomura reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Thursday, January 4th. B. Riley reiterated a “buy” rating and issued a $53.00 price target on shares of Intel in a research note on Thursday, January 4th. JPMorgan Chase set a $53.00 price objective on Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a research report on Tuesday, January 2nd. Three research 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 given a strong buy rating to the company’s stock. Intel has a consensus rating of “Buy” and a consensus target price of $51.10.

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Shares of INTC stock opened at $52.22 on Wednesday. Intel has a 52-week low of $33.23 and a 52-week high of $54.35. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $250,804.58, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.



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

In related news, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Navin Shenoy sold 2,155 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total transaction of $98,332.65. Following the transaction, the executive vice president now directly owns 20,933 shares in the company, valued at $955,172.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,914 shares of company stock worth $6,011,490. 0.03% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Green Square Capital LLC grew its holdings in shares of Intel by 19.5% during the fourth quarter. Green Square Capital LLC now owns 201,313 shares of the chip maker’s stock valued at $9,293,000 after buying an additional 32,884 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Intel by 12.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 517,028 shares of the chip maker’s stock valued at $23,866,000 after buying an additional 56,477 shares during the last quarter. Certified Advisory Corp purchased a new stake in shares of Intel during the fourth quarter valued at $310,000. Wagner Wealth Management LLC purchased a new stake in shares of Intel during the fourth quarter valued at $337,000. Finally, D.B. Root & Company LLC purchased a new stake in shares of Intel during the fourth quarter valued at $1,064,000. 69.02% of the stock is currently owned by institutional investors and hedge funds.

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Intel Company Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

Analyst Recommendations for Intel (NASDAQ:INTC)

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