BMO Capital Markets Upgrades Intel Corporation (INTC) to “Outperform”

Intel Corporation (NASDAQ:INTC) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday.

INTC has been the topic of several other research reports. Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, September 6th. ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr upgraded Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research note on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus boosted their price target on Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $42.80.

Intel Corporation (NASDAQ:INTC) opened at 44.40 on Monday. The stock has a market cap of $208.64 billion, a P/E ratio of 16.95 and a beta of 1.07. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $45.00. The stock has a 50 day moving average price of $38.72 and a 200-day moving average price of $36.29.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.

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In other news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,042 shares of company stock worth $2,602,348. 0.08% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Beech Hill Advisors Inc. grew its position in shares of Intel Corporation by 1.8% in the third quarter. Beech Hill Advisors Inc. now owns 141,945 shares of the chip maker’s stock valued at $5,405,000 after purchasing an additional 2,475 shares during the last quarter. E&G Advisors LP grew its position in shares of Intel Corporation by 5.3% in the third quarter. E&G Advisors LP now owns 23,824 shares of the chip maker’s stock valued at $907,000 after purchasing an additional 1,200 shares during the last quarter. Heritage Investors Management Corp grew its position in shares of Intel Corporation by 0.6% in the third quarter. Heritage Investors Management Corp now owns 698,323 shares of the chip maker’s stock valued at $26,592,000 after purchasing an additional 4,197 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of Intel Corporation by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC grew its position in shares of Intel Corporation by 3.2% in the third quarter. LeJeune Puetz Investment Counsel LLC now owns 68,960 shares of the chip maker’s stock valued at $2,626,000 after purchasing an additional 2,135 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

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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