Intel (NASDAQ:INTC) had its target price upped by equities researchers at Instinet to $50.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the chip maker’s stock. Instinet’s price objective would suggest a potential upside of 12.38% from the stock’s current price.
Several other equities analysts have also recently issued reports on INTC. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective on the stock. in a research note on Tuesday, August 8th. Goldman Sachs Group restated a “hold” rating on shares of Intel in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Sanford C. Bernstein set a $30.00 target price on shares of Intel and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and a consensus price target of $43.68.
Intel (NASDAQ:INTC) opened at $44.49 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 stock has a market cap of $209,102.41, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. Intel has a 12 month low of $33.23 and a 12 month high of $47.30.
In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of the company’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 transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’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 1,548,914 shares of company stock worth $68,196,589 over the last quarter. Insiders own 0.08% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in INTC. Lourd Capital LLC increased its stake in shares of Intel by 1.1% during the 1st quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after acquiring an additional 99 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Intel during the 1st quarter valued at about $822,000. Alerus Financial NA increased its stake in shares of Intel by 3.5% during the 1st quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock valued at $2,397,000 after acquiring an additional 2,238 shares during the last quarter. Vigilant Capital Management LLC increased its stake in shares of Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in shares of Intel by 0.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock valued at $3,311,000 after acquiring an additional 706 shares during the last quarter. Institutional investors own 67.69% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/12/05/intel-intc-price-target-raised-to-50-00.html.
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).
Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.