Maxim Group Raises Intel (INTC) Price Target to $50.00
Intel (NASDAQ:INTC) had its price target hoisted by Maxim Group to $50.00 in a report released on Monday morning, The Fly reports. Maxim Group currently has a buy rating on the chip maker’s stock. The analysts noted that the move was a valuation call.
Other analysts have also recently issued reports about the stock. Argus reissued a buy rating and set a $45.00 price target on shares of Intel in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Intel from a hold rating to a buy rating and set a $40.00 price target on the stock in a research note on Thursday, August 17th. Loop Capital reissued a buy rating and set a $45.00 price target on shares of Intel in a research note on Tuesday, August 22nd. ValuEngine raised shares of Intel from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Vetr cut shares of Intel from a strong-buy rating to a buy rating and set a $42.80 price objective on the stock. in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $43.97.
Shares of Intel (NASDAQ INTC) opened at $43.26 on Monday. Intel has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The company has a market cap of $202,831.20, a P/E ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. Intel’s revenue was up 2.4% compared to the same quarter last year. analysts anticipate that Intel will post 3.25 EPS for the current fiscal year.
In other news, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now directly owns 428,789 shares in the company, valued at approximately $19,209,747.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. 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. Company insiders own 0.08% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Murphy Capital Management Inc. boosted its holdings in Intel by 18.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after purchasing an additional 4,928 shares during the period. Papp L Roy & Associates boosted its holdings in Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares during the period. Crescent Grove Advisors LLC bought a new stake in Intel in the 2nd quarter valued at about $555,000. United Bank boosted its holdings in Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after buying an additional 9,746 shares in the last quarter. Institutional investors own 67.69% of the company’s stock.
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).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.