Intel (NASDAQ:INTC) had its price target raised by Citigroup from $50.00 to $54.00 in a research report issued on Friday. The firm presently has a “buy” rating on the chip maker’s stock. Citigroup‘s target price points to a potential upside of 10.36% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Thursday. Goldman Sachs Group reaffirmed a “sell” rating and set a $44.00 price objective on shares of Intel in a research report on Tuesday. Bank of America raised shares of Intel from a “neutral” rating to a “buy” rating and set a $45.65 price objective for the company in a research report on Friday, January 4th. Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, Morgan Stanley boosted their price objective on shares of Intel from $54.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 19th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.17.

NASDAQ:INTC traded up $0.37 during trading hours on Friday, hitting $48.93. The company’s stock had a trading volume of 17,773,905 shares, compared to its average volume of 25,468,810. The firm has a market capitalization of $224.61 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. Intel has a 52-week low of $42.04 and a 52-week high of $57.60.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.15 by $0.25. The firm had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. As a group, equities analysts anticipate that Intel will post 4.53 EPS for the current year.

Intel announced that its board has initiated a share buyback plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the chip maker to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

In related news, EVP Navin Shenoy sold 8,552 shares of the company’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $47.93, for a total transaction of $409,897.36. Following the completion of the sale, the executive vice president now owns 66,871 shares of the company’s stock, valued at $3,205,127.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the sale, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The disclosure for this sale can be found here. Insiders sold 21,809 shares of company stock worth $1,033,992 over the last quarter. 0.03% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Tortoise Investment Management LLC increased its holdings in shares of Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after acquiring an additional 580 shares during the period. Quad Cities Investment Group LLC purchased a new position in Intel during the 2nd quarter worth $107,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Intel by 375.2% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after buying an additional 2,000 shares during the last quarter. Ironwood Financial llc grew its stake in Intel by 429.0% during the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after buying an additional 2,145 shares during the last quarter. Finally, Highwater Wealth Management LLC purchased a new position in Intel during the 4th quarter worth $125,000. 64.25% of the stock is owned by institutional investors and hedge funds.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

Recommended Story: The risks of owning bonds

Analyst Recommendations for Intel (NASDAQ:INTC)

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.