Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reaffirmed by research analysts at Nomura in a report released on Friday. They presently have a $50.00 target price on the chip maker’s stock. Nomura’s target price would suggest a potential upside of 2.35% from the company’s previous close.

Other analysts have also issued research reports about the stock. Stifel Nicolaus restated a “neutral” rating and set a $60.00 target price on shares of Intel in a research report on Monday, July 16th. Cowen decreased their target price on shares of Intel from $54.00 to $52.00 and set a “market perform” rating on the stock in a research report on Friday, July 27th. Sanford C. Bernstein set a $42.00 target price on shares of Intel and gave the stock a “sell” rating in a research report on Thursday. Vetr lowered shares of Intel from a “buy” rating to a “hold” rating and set a $54.70 target price on the stock. in a research report on Wednesday, April 18th. Finally, Royal Bank of Canada restated a “neutral” rating and set a $60.00 target price on shares of Intel in a research report on Monday, July 16th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and an average target price of $55.63.

Intel traded down $1.29, reaching $48.85, during mid-day trading on Friday, according to Marketbeat. 28,590,796 shares of the stock were exchanged, compared to its average volume of 24,637,902. Intel has a 1-year low of $34.38 and a 1-year high of $57.60. The firm has a market cap of $234.57 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm had revenue of $16.96 billion for the quarter, compared to analyst estimates of $16.78 billion. During the same quarter last year, the business earned $0.72 earnings per share. Intel’s revenue was up 14.9% compared to the same quarter last year. equities analysts predict that Intel will post 4.13 EPS for the current year.

In other news, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Ralph Rodgers sold 1,251 shares of Intel stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. Insiders sold a total of 4,065 shares of company stock valued at $205,200 in the last three months. Insiders own 0.03% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Midwest Professional Planners LTD. grew its position in Intel by 10.7% in the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after acquiring an additional 966 shares in the last quarter. Kingfisher Capital LLC grew its position in Intel by 9.6% in the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after acquiring an additional 967 shares in the last quarter. Fiduciary Group LLC grew its position in Intel by 2.9% in the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after acquiring an additional 969 shares in the last quarter. WealthTrust Fairport LLC boosted its holdings in shares of Intel by 2.9% during the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after buying an additional 971 shares during the period. Finally, Schnieders Capital Management LLC boosted its holdings in shares of Intel by 0.8% during the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock worth $6,069,000 after buying an additional 972 shares during the period. 66.93% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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