B. Riley reissued their buy rating on shares of Intel (NASDAQ:INTC) in a report issued on Thursday morning. The brokerage currently has a $53.00 price target on the chip maker’s stock.

Several other brokerages also recently issued reports on INTC. Zacks Investment Research raised shares of Intel from a hold rating to a buy rating and set a $42.00 price objective on the stock in a research note on Friday, September 22nd. Canaccord Genuity upped their price objective on shares of Intel from $41.00 to $45.00 and gave the company a hold rating in a research note on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the company a buy rating in a research note on Thursday. Oppenheimer reissued a hold rating on shares of Intel in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on shares of Intel from $34.00 to $37.00 and gave the company a market perform rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Intel has an average rating of Buy and a consensus price target of $44.78.

Shares of Intel (NASDAQ INTC) remained flat at $$44.74 during midday trading on Thursday. 33,699,300 shares of the stock traded hands, compared to its average volume of 31,870,000. Intel has a twelve month low of $33.23 and a twelve month high of $47.64. The company has a market cap of $209,380.00, a PE ratio of 15.70, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts predict that Intel will post 3.25 earnings per share for the current year.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated 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 in the company, valued at $71,777.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,487,054 shares of company stock worth $65,800,132. Insiders own 0.08% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. lifted its position in Intel by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 29 shares during the last quarter. Conservest Capital Advisors Inc. increased its stake in Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares during the period. Paradigm Financial Advisors LLC increased its stake in Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after buying an additional 67 shares during the period. Bank of Stockton increased its stake in Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after buying an additional 72 shares during the period. Finally, Marathon Capital Management increased its stake in Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 67.54% 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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