A number of other analysts have also recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Intel from $41.00 to $46.00 and gave the stock a buy rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Intel from a hold rating to a buy rating and set a $42.00 target price for the company in a research note on Friday, September 22nd. Barclays reissued a buy rating and set a $55.00 target price on shares of Intel in a research note on Monday, November 13th. Vetr raised shares of Intel from a buy rating to a strong-buy rating and set a $44.36 target price for the company in a research note on Wednesday, October 11th. Finally, Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the stock a neutral rating in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $44.78.
Intel (NASDAQ:INTC) remained flat at $$44.74 during mid-day trading on Friday. The stock had a trading volume of 33,699,300 shares, compared to its average volume of 31,870,000. The firm has a market cap of $209,380.00, a PE ratio of 15.70, a PEG ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel has a one year low of $33.23 and a one year high of $47.64.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock worth $65,800,132 over the last quarter. 0.08% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Papp L Roy & Associates lifted its holdings in shares of Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after acquiring an additional 800 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in shares of Intel in the 2nd quarter worth approximately $555,000. United Bank lifted its holdings in shares of Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after acquiring an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after acquiring an additional 9,746 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in shares of Intel by 15.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock worth $4,078,000 after acquiring an additional 16,340 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.
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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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