Hilliard Lyons Begins Coverage on Intel Corporation (NASDAQ:INTC)

Hilliard Lyons began coverage on shares of Intel Corporation (NASDAQ:INTC) in a research report released on Wednesday morning. The brokerage issued a buy rating and a $41.00 price objective on the chip maker’s stock.

INTC has been the subject of a number of other research reports. Zacks Investment Research lowered Intel Corporation from a hold rating to a sell rating in a research note on Wednesday, April 12th. Canaccord Genuity reiterated a hold rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Vetr lowered Intel Corporation from a buy rating to a hold rating and set a $37.50 target price for the company. in a research note on Monday, April 3rd. Wells Fargo & Company reiterated an outperform rating on shares of Intel Corporation in a research note on Tuesday, June 27th. Finally, BidaskClub lowered Intel Corporation from a hold rating to a sell rating in a research note on Tuesday, June 27th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $40.09.

Shares of Intel Corporation (NASDAQ INTC) traded down 0.61% during trading on Wednesday, hitting $34.47. The stock had a trading volume of 21,044,407 shares. The company has a market cap of $162.32 billion, a P/E ratio of 14.92 and a beta of 1.00. The stock’s 50-day moving average price is $35.45 and its 200-day moving average price is $36.07. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post $2.86 EPS for the current fiscal year.

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In related news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Diane M. Bryant sold 1,639 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $36.85, for a total value of $60,397.15. Following the sale, the insider now owns 113,357 shares in the company, valued at $4,177,205.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,994 shares of company stock worth $4,166,359. Corporate insiders own 0.09% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in INTC. RB Capital Management LLC acquired a new stake in Intel Corporation during the fourth quarter worth approximately $858,000. Sigma Planning Corp raised its stake in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares during the period. Bank of Nova Scotia Trust Co. increased its position in Intel Corporation by 399.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 42,610 shares of the chip maker’s stock valued at $1,545,000 after buying an additional 34,080 shares in the last quarter. Ellington Management Group LLC purchased a new position in Intel Corporation during the fourth quarter valued at about $203,000. Finally, Exchange Capital Management Inc. increased its position in Intel Corporation by 1.6% in the fourth quarter. Exchange Capital Management Inc. now owns 61,672 shares of the chip maker’s stock valued at $2,237,000 after buying an additional 953 shares in the last quarter. Institutional investors and hedge funds own 67.35% 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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