Intel Corp. (NASDAQ:INTC) has been given a $36.00 price target by equities researchers at Goldman Sachs Group Inc. in a research note issued on Wednesday. The firm currently has a a “neutral” rating on the chip maker’s stock. Goldman Sachs Group Inc.’s price target would indicate a potential downside of 4.64% from the stock’s current price.

A number of other brokerages have also issued reports on INTC. Pacific Crest reiterated a “buy” rating and set a $44.00 price target on shares of Intel Corp. in a research note on Thursday, October 6th. KeyCorp boosted their price target on shares of Intel Corp. from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 3rd. BlueFin Research reiterated a “buy” rating on shares of Intel Corp. in a research note on Monday, October 3rd. B. Riley boosted their price target on shares of Intel Corp. from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup Inc. boosted their price target on shares of Intel Corp. from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, September 19th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $39.88.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Intel Corp. (NASDAQ:INTC) traded down 5.444% during mid-day trading on Wednesday, hitting $35.695. 18,003,590 shares of the stock were exchanged. The company has a 50 day moving average of $36.98 and a 200 day moving average of $33.74. The firm has a market cap of $168.87 billion, a P/E ratio of 17.311 and a beta of 1.09. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36.

Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. The firm had revenue of $15.78 billion for the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. On average, equities analysts anticipate that Intel Corp. will post $2.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.

In other news, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the sale, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the sale, the vice president now owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Carnick & Kubik LLC bought a new stake in Intel Corp. during the first quarter valued at about $100,000. Global X Management Co. LLC increased its stake in Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after buying an additional 1,039 shares during the period. Penserra Capital Management LLC increased its stake in Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares during the period. Nelson Roberts Investment Advisors LLC increased its stake in Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock valued at $113,000 after buying an additional 1,226 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the period. Institutional investors own 64.82% of the company’s stock.

Intel Corp. Company Profile

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

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