Intel (NASDAQ:INTC) had its target price increased by stock analysts at Instinet to $50.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the chip maker’s stock. Instinet’s price target would suggest a potential upside of 15.07% from the stock’s current price.

INTC has been the topic of a number of other reports. Sanford C. Bernstein set a $30.00 target price on Intel and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reissued a “buy” rating and set a $50.00 target price on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Intel in a research report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price objective on shares of Intel in a report on Friday, October 27th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $43.68.

Shares of Intel (INTC) opened at $43.45 on Tuesday. Intel has a 1 year low of $33.23 and a 1 year high of $47.30. The firm has a market capitalization of $203,299.19, a PE ratio of 13.66, a P/E/G ratio of 1.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts anticipate that Intel will post 3.25 EPS for the current year.

In related news, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock valued at $68,196,589 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of INTC. Shelton Capital Management raised its position in shares of Intel by 9.2% during the 3rd quarter. Shelton Capital Management now owns 564,249 shares of the chip maker’s stock valued at $21,487,000 after acquiring an additional 47,413 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Intel during the 3rd quarter valued at $2,631,000. Public Employees Retirement System of Ohio raised its position in shares of Intel by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,481,913 shares of the chip maker’s stock valued at $132,591,000 after acquiring an additional 25,771 shares during the last quarter. Coastline Trust Co raised its position in shares of Intel by 1.6% during the 3rd quarter. Coastline Trust Co now owns 114,892 shares of the chip maker’s stock valued at $4,375,000 after acquiring an additional 1,793 shares during the last quarter. Finally, Truepoint Inc. raised its position in shares of Intel by 3,487.2% during the 3rd quarter. Truepoint Inc. now owns 545,536 shares of the chip maker’s stock valued at $546,000 after acquiring an additional 530,328 shares during the last quarter. Hedge funds and other institutional investors own 67.69% of the company’s stock.

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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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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