Intel (NASDAQ:INTC) was upgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $55.00 price objective on the chip maker’s stock. Credit Suisse Group’s price target indicates a potential upside of 9.82% from the company’s previous close. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued reports about the stock. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target for the company. in a research note on Tuesday, October 3rd. ValuEngine raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho restated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Intel in a report on Monday, October 9th. Bank of America upgraded shares of Intel from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price objective on shares of Intel in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Intel presently has an average rating of “Buy” and an average target price of $48.31.

Intel (INTC) opened at $50.08 on Friday. Intel has a 52 week low of $33.23 and a 52 week high of $50.15. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The company has a market cap of $259,110.00, a PE ratio of 25.29, a P/E/G ratio of 1.63 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.35%. The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the previous year, the company earned $0.79 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. analysts predict that Intel will post 3.3 earnings per share for the current year.

In related news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andy D. Bryant sold 89,087 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the sale, the chairman now directly owns 428,789 shares in the company, valued at $19,209,747.20. The disclosure for this sale can be found here. Insiders have sold 1,491,324 shares of company stock worth $66,012,099 over the last three months. 0.08% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. raised its position in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares during the period. Paradigm Financial Advisors LLC raised its position in Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares during the period. Bank of Stockton raised its position in Intel by 0.4% during the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares during the period. Marathon Capital Management raised its position in Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares during the period. Finally, Sonata Capital Group Inc. raised its position in Intel by 0.9% during the second quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock worth $400,000 after acquiring an additional 100 shares during the period. 67.48% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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