Intel (NASDAQ:INTC)‘s stock had its “buy” rating restated by Mizuho in a research report issued on Tuesday, December 26th, MarketBeat Ratings reports. They presently have a $47.00 target price on the chip maker’s stock. Mizuho’s price objective would indicate a potential upside of 0.32% from the company’s current price.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, September 6th. ValuEngine downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group restated an “outperform” rating on shares of Intel in a research note on Thursday, August 31st. Stifel Nicolaus raised their target price on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. Intel presently has a consensus rating of “Buy” and an average price target of $43.91.
Shares of Intel (NASDAQ:INTC) opened at $46.85 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market cap of $219,260.00, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.67 and a beta of 1.06. Intel has a 12-month low of $33.23 and a 12-month high of $47.64.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. equities analysts forecast that Intel will post 3.25 earnings per share for the current year.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Corporate insiders own 0.08% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Intel by 9.1% in the second 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. Capital World Investors grew its holdings in shares of Intel by 5.5% in the second 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 International Investors bought a new position in shares of Intel in the third quarter valued at approximately $339,563,000. Finally, Vanguard Group Inc. grew its holdings in shares of Intel by 2.5% in the second 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. 67.54% of the stock is owned by institutional investors and hedge funds.
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).