Intel (INTC) Given a $43.00 Price Target by Goldman Sachs Group Analysts
Intel (NASDAQ:INTC) has been assigned a $43.00 price target by stock analysts at Goldman Sachs Group in a research report issued on Tuesday. The firm presently has a “neutral” rating on the chip maker’s stock. Goldman Sachs Group’s target price points to a potential downside of 1.51% from the company’s current price.
Several other equities analysts also recently issued reports on INTC. Maxim Group lifted their price objective on Intel to $50.00 and gave the company a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on Intel and gave the company a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub downgraded Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Rosenblatt Securities reiterated a “sell” rating on shares of Intel in a research report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Intel has an average rating of “Buy” and a consensus target price of $43.97.
Shares of Intel (NASDAQ:INTC) opened at $43.66 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 company has a market capitalization of $202,878.00, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.06. Intel has a one year low of $33.23 and a one year high of $47.30.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts forecast that Intel will post 3.25 earnings per share for the current year.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, 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 and other institutional investors have recently added to or reduced their stakes in INTC. Murphy Capital Management Inc. grew its stake in Intel by 18.4% in the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after acquiring an additional 4,928 shares during the period. Papp L Roy & Associates grew its stake in Intel by 1.2% in the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after acquiring an additional 800 shares during the period. Crescent Grove Advisors LLC acquired a new position in Intel in the second quarter valued at about $555,000. United Bank grew its stake in Intel by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after acquiring an additional 22,765 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in Intel by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after acquiring an additional 9,746 shares during the period. Institutional investors and hedge funds own 67.69% of the company’s stock.
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).
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