Intel Corporation (INTC) PT Raised to $37.00

Intel Corporation (NASDAQ:INTC) had its price target boosted by equities researchers at BMO Capital Markets from $34.00 to $37.00 in a research note issued on Friday. The brokerage currently has a “market perform” rating on the chip maker’s stock. BMO Capital Markets’ price target indicates a potential downside of 16.67% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $46.00 target price on shares of Intel Corporation in a report on Friday, July 28th. Summit Redstone reissued a “hold” rating on shares of Intel Corporation in a report on Saturday, July 22nd. Hilliard Lyons began coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 target price on the stock. Robert W. Baird reissued an “outperform” rating and issued a $42.00 target price on shares of Intel Corporation in a report on Thursday, July 13th. Finally, BidaskClub cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $42.80.

Intel Corporation (INTC) traded up 7.38% during mid-day trading on Friday, hitting $44.40. The stock had a trading volume of 90,028,300 shares. The company has a 50-day moving average of $38.72 and a 200-day moving average of $36.29. The firm has a market cap of $17.10 billion, a PE ratio of 15.58 and a beta of 1.07. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $45.00.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.96%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Intel Corporation (INTC) PT Raised to $37.00” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/10/29/intel-corporation-intc-pt-raised-to-37-00.html.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,038 shares of company stock worth $3,098,786. Insiders own 0.08% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Intel Corporation by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares in the last quarter. Capital World Investors boosted its position in shares of Intel Corporation by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Intel Corporation by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Intel Corporation by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock valued at $1,707,253,000 after acquiring an additional 177,919 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Intel Corporation by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock valued at $860,658,000 after acquiring an additional 412,747 shares in the last quarter. Institutional investors and hedge funds own 67.11% 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).

Analyst Recommendations for Intel Corporation (NASDAQ:INTC)

What are top analysts saying about Intel Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Intel Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit