Intel (INTC) Reaches New 52-Week High at $47.51

Intel Co. (NASDAQ:INTC) reached a new 52-week high on Wednesday . The company traded as high as $47.51 and last traded at $47.04, with a volume of 41421100 shares. The stock had previously closed at $46.26.

A number of research firms have recently weighed in on INTC. Wells Fargo & Company reaffirmed an “outperform” rating and set a $50.00 price target (up from $45.00) on shares of Intel in a research note on Friday, October 27th. SunTrust Banks reaffirmed a “hold” rating and set a $43.00 price target (up from $39.00) on shares of Intel in a research note on Friday, October 27th. Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $45.00 price target on shares of Intel in a research note on Tuesday, September 5th. Finally, BMO Capital Markets raised their price target on Intel from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.94.

The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The stock has a market cap of $218,840.00, a PE ratio of 14.79, a P/E/G ratio of 1.72 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued 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. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. sell-side analysts expect that Intel Co. will post 3.25 EPS for the current fiscal year.

In other Intel news, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,548,914 shares of company stock worth $68,196,589. Company insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors boosted its stake in Intel by 9.1% in 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 buying an additional 10,744,753 shares in the last quarter. Capital World Investors boosted its stake in Intel by 5.5% in 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 buying an additional 10,257,260 shares in the last quarter. Capital International Investors acquired a new stake in Intel in the 3rd quarter valued at $339,563,000. Finally, Vanguard Group Inc. boosted its stake in Intel by 2.5% in 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 buying an additional 8,087,302 shares in the last quarter. 67.55% of the stock is currently owned by institutional investors.

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Intel 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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