Intel Corporation (INTC) PT Raised to $45.00 at Canaccord Genuity
Intel Corporation (NASDAQ:INTC) had its target price increased by equities researchers at Canaccord Genuity from $41.00 to $45.00 in a report issued on Friday. The firm presently has a “hold” rating on the chip maker’s stock. Canaccord Genuity’s price objective would suggest a potential downside of 1.42% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. B. Riley reissued a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. Summit Redstone reaffirmed a “hold” rating on shares of Intel Corporation in a research note on Saturday, July 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price objective on shares of Intel Corporation in a research note on Sunday, July 30th. BidaskClub lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Loop Capital reaffirmed a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of Intel Corporation in a research note on Friday, July 28th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.40.
Intel Corporation (NASDAQ:INTC) opened at $45.65 on Friday. The stock has a market cap of $212,752.80, a PE ratio of 14.30, a P/E/G ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. Intel Corporation’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. equities analysts forecast that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
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In other Intel Corporation news, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. In the last three months, insiders sold 659,036 shares of company stock valued at $28,872,880. Insiders own 0.08% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Jackson Grant Investment Advisers Inc. grew its position in Intel Corporation by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares in the last quarter. Summit Asset Management LLC lifted its stake in Intel Corporation by 0.7% during the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after purchasing an additional 46 shares during the last quarter. Conservest Capital Advisors Inc. lifted its stake in Intel Corporation by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after purchasing an additional 51 shares during the last quarter. Paradigm Financial Advisors LLC lifted its stake in Intel Corporation by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after purchasing an additional 67 shares during the last quarter. Finally, Bank of Stockton lifted its stake in Intel Corporation by 0.4% during the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after purchasing an additional 72 shares during the last quarter. 67.17% of the stock is owned by hedge funds and other institutional investors.
About Intel Corporation
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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