Intel Co. (NASDAQ:INTC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.51 and last traded at $47.04, with a volume of 41421100 shares. The stock had previously closed at $46.26.

A number of research firms recently issued reports on INTC. Royal Bank of Canada reissued a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel in a report on Friday, October 6th. KeyCorp reissued a “buy” rating and set a $50.00 price target on shares of Intel in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $43.00 price target on shares of Intel in a report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $45.00 price target on shares of Intel in a report on Friday, October 27th. Finally, Rosenblatt Securities reissued a “sell” rating on shares of Intel in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Intel currently has an average rating of “Buy” and an average target price of $43.94.

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 stock has a market capitalization of $220,150.00, a PE ratio of 14.55, a PEG ratio of 1.69 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts anticipate that Intel Co. will post 3.25 earnings per share for the current fiscal year.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. Insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its stake in shares of Intel by 3.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 14,062,586 shares of the chip maker’s stock valued at $535,503,000 after buying an additional 487,967 shares during the period. Shelton Capital Management lifted its holdings in shares of Intel by 9.2% during the 3rd quarter. Shelton Capital Management now owns 564,249 shares of the chip maker’s stock valued at $21,487,000 after acquiring an additional 47,413 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Intel during the 3rd quarter valued at $2,631,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Intel by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,481,913 shares of the chip maker’s stock valued at $132,591,000 after acquiring an additional 25,771 shares in the last quarter. Finally, Coastline Trust Co lifted its holdings in shares of Intel by 1.6% during the 3rd quarter. Coastline Trust Co now owns 114,892 shares of the chip maker’s stock valued at $4,375,000 after acquiring an additional 1,793 shares in the last quarter. 67.55% of the stock is owned by institutional investors and hedge funds.

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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).

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