Intel (INTC) Rating Reiterated by Wells Fargo

Intel (NASDAQ:INTC)‘s stock had its “buy” rating reissued by analysts at Wells Fargo in a research note issued to investors on Friday. They presently have a $65.00 target price on the chip maker’s stock. Wells Fargo’s price objective indicates a potential upside of 21.50% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Needham & Company LLC lifted their price objective on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 26th. SunTrust Banks reiterated a “hold” rating and set a $50.00 price objective on shares of Intel in a research note on Friday, January 26th. Vetr lowered shares of Intel from a “buy” rating to a “hold” rating and set a $54.70 price objective on the stock. in a research note on Wednesday, April 18th. Robert W. Baird reiterated a “buy” rating and set a $62.00 price objective on shares of Intel in a research note on Monday, March 26th. Finally, Sanford C. Bernstein reiterated a “sell” rating and set a $38.00 price objective on shares of Intel in a research note on Tuesday, April 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Intel has a consensus rating of “Buy” and an average target price of $55.43.

Shares of INTC traded down $1.31 during mid-day trading on Friday, reaching $53.50. 23,658,921 shares of the stock traded hands, compared to its average volume of 27,115,452. The firm has a market capitalization of $256.42 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.70 and a beta of 0.94. Intel has a 12-month low of $33.23 and a 12-month high of $55.79. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. equities analysts expect that Intel will post 3.84 earnings per share for the current fiscal year.

In other news, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares of the company’s stock, valued at $301,336.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 6,746 shares of the business’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $52.52, for a total transaction of $354,299.92. Following the transaction, the chief executive officer now directly owns 264,084 shares of the company’s stock, valued at approximately $13,869,691.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,301 shares of company stock valued at $4,785,697. Corporate insiders own 0.03% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in INTC. Advisor Partners LLC lifted its holdings in Intel by 7.1% in the third quarter. Advisor Partners LLC now owns 86,101 shares of the chip maker’s stock worth $3,279,000 after purchasing an additional 5,689 shares during the period. Maple Capital Management Inc. lifted its holdings in Intel by 4.5% in the third quarter. Maple Capital Management Inc. now owns 24,667 shares of the chip maker’s stock worth $939,000 after purchasing an additional 1,072 shares during the period. Patriot Wealth Management Inc. lifted its holdings in Intel by 0.6% in the third quarter. Patriot Wealth Management Inc. now owns 215,096 shares of the chip maker’s stock worth $8,191,000 after purchasing an additional 1,247 shares during the period. Tradition Capital Management LLC lifted its holdings in Intel by 1.7% in the third quarter. Tradition Capital Management LLC now owns 111,245 shares of the chip maker’s stock worth $4,236,000 after purchasing an additional 1,861 shares during the period. Finally, Greenwood Capital Associates LLC lifted its holdings in Intel by 34.8% in the third quarter. Greenwood Capital Associates LLC now owns 109,229 shares of the chip maker’s stock worth $4,159,000 after purchasing an additional 28,216 shares during the period. 68.23% of the stock is owned by institutional investors.

About Intel

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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