Wells Fargo & Company restated their outperform rating on shares of Intel Corporation (NASDAQ:INTC) in a research note released on Tuesday, StockTargetPrices.com reports. The brokerage currently has a $45.00 target price on the chip maker’s stock.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Intel Corporation from a hold rating to a buy rating and set a $40.00 price target on the stock in a report on Tuesday, May 16th. Vetr downgraded shares of Intel Corporation from a strong-buy rating to a buy rating and set a $39.43 price target on the stock. in a report on Monday, May 22nd. Robert W. Baird restated an outperform rating and set a $42.00 price target on shares of Intel Corporation in a report on Tuesday, March 28th. They noted that the move was a valuation call. Bank of America Corporation downgraded shares of Intel Corporation from a buy rating to a neutral rating and cut their price target for the company from $42.00 to $38.00 in a report on Wednesday, June 21st. Finally, B. Riley reiterated a buy rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Thursday, March 23rd. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $40.01.
Shares of Intel Corporation (NASDAQ INTC) traded down 1.284% during mid-day trading on Tuesday, reaching $33.445. 14,567,687 shares of the company were exchanged. The firm’s 50-day moving average is $35.45 and its 200-day moving average is $36.08. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The company has a market capitalization of $157.49 billion, a price-to-earnings ratio of 14.478 and a beta of 1.00.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. Intel Corporation’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. On average, equities analysts forecast that Intel Corporation will post $2.86 earnings per share for the current fiscal year.
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In other news, CFO Robert Holmes Swan acquired 13,888 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the purchase, the chief financial officer now owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were 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 in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold a total of 119,994 shares of company stock worth $4,166,359 over the last quarter. Company insiders own 0.09% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation during the first quarter worth about $113,000. Fusion Family Wealth LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $133,000. Orrstown Financial Services Inc. boosted its stake in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Intel Corporation during the fourth quarter worth about $145,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 68.15% 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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