Wells Fargo & Co Reiterates “$55.00” Price Target for Intel (INTC)

Intel (NASDAQ:INTC) has been assigned a $55.00 price target by analysts at Wells Fargo & Co in a research report issued on Monday, February 5th. The firm currently has a “buy” rating on the chip maker’s stock. Wells Fargo & Co’s price objective suggests a potential upside of 21.20% from the company’s current price.

A number of other research analysts have also weighed in on INTC. Citigroup assumed coverage on Intel in a research report on Tuesday, January 30th. They set a “buy” rating and a $58.00 price objective for the company. Royal Bank of Canada reaffirmed a “neutral” rating and set a $46.00 price objective on shares of Intel in a research report on Friday, January 26th. Stifel Nicolaus raised their price objective on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $48.00 price objective on shares of Intel in a research report on Friday, January 26th. Finally, Macquarie reaffirmed a “buy” rating and set a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.33.

Intel (INTC) traded up $0.92 on Monday, hitting $45.38. The stock had a trading volume of 19,920,500 shares, compared to its average volume of 40,152,020. The stock has a market cap of $213,830.00, a PE ratio of 23.08, a PEG ratio of 1.51 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. Intel has a 52 week low of $33.23 and a 52 week high of $50.85.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter last year, the business posted $0.79 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. sell-side analysts predict that Intel will post 3.51 EPS for the current fiscal year.

In related news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction on Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now directly owns 263,382 shares in the company, valued at $13,011,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold 932,755 shares of company stock worth $41,387,752 over the last quarter. 0.08% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Goodman Financial Corp purchased a new position in shares of Intel in the fourth quarter valued at about $102,000. Virtue Capital Management LLC purchased a new position in shares of Intel in the fourth quarter valued at about $109,000. Financial Engines Advisors L.L.C. purchased a new position in shares of Intel in the third quarter valued at about $119,000. Acrospire Investment Management LLC lifted its position in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Delphi Private Advisors LLC increased its holdings in shares of Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after purchasing an additional 2,157 shares during the last quarter. Institutional investors own 67.48% of the company’s stock.

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About Intel

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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