Intel Corporation (NASDAQ:INTC) Earns Buy Rating from Charter Equity

Intel Corporation (NASDAQ:INTC)‘s stock had its “buy” rating reissued by research analysts at Charter Equity in a research report issued to clients and investors on Sunday, July 30th.

Other equities analysts have also issued reports about the company. B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a research report on Monday, April 3rd. Vetr lowered Intel Corporation from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a research report on Monday, April 3rd. Jefferies Group LLC set a $38.00 target price on Intel Corporation and gave the company a “hold” rating in a research report on Saturday, June 3rd. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Intel Corporation in a research report on Wednesday, April 19th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $39.00 target price on shares of Intel Corporation in a research report on Friday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.55.

Shares of Intel Corporation (INTC) opened at 35.01 on Friday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The stock’s 50 day moving average is $35.09 and its 200 day moving average is $35.65. The firm has a market cap of $164.51 billion, a PE ratio of 13.36 and a beta of 1.01.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. Intel Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

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In other Intel Corporation news, CFO Robert Holmes Swan bought 13,888 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the purchase, the chief financial officer now directly owns 8,774 shares in the company, valued at $318,583.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Guardian Capital LP increased its stake in shares of Intel Corporation by 8.8% in the fourth quarter. Guardian Capital LP now owns 160,315 shares of the chip maker’s stock worth $5,815,000 after buying an additional 13,028 shares in the last quarter. Barrington Strategic Wealth Management Group LLC increased its stake in shares of Intel Corporation by 0.9% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 23,555 shares of the chip maker’s stock worth $854,000 after buying an additional 210 shares in the last quarter. Gratus Capital LLC increased its stake in shares of Intel Corporation by 1.1% in the fourth quarter. Gratus Capital LLC now owns 45,873 shares of the chip maker’s stock worth $1,664,000 after buying an additional 478 shares in the last quarter. Sandhill Capital Partners LLC increased its stake in shares of Intel Corporation by 5.9% in the fourth quarter. Sandhill Capital Partners LLC now owns 18,249 shares of the chip maker’s stock worth $662,000 after buying an additional 1,024 shares in the last quarter. Finally, Roundview Capital LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth approximately $229,000. Institutional investors own 67.31% of the company’s stock.

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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