Nomura restated their buy rating on shares of Intel (NASDAQ:INTC) in a research report released on Thursday. Nomura currently has a $50.00 price target on the chip maker’s stock.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Intel from $41.00 to $46.00 and gave the company a buy rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Intel from a hold rating to a buy rating and set a $39.00 target price on the stock in a report on Wednesday, September 6th. Barclays reaffirmed a buy rating and issued a $55.00 target price on shares of Intel in a report on Monday, November 13th. Vetr raised shares of Intel from a buy rating to a strong-buy rating and set a $44.36 target price on the stock in a report on Wednesday, October 11th. Finally, Instinet lifted their target price on shares of Intel to $50.00 and gave the company a buy rating in a report on Tuesday, December 5th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $44.65.

Intel (NASDAQ:INTC) traded up $0.31 during mid-day trading on Thursday, reaching $44.74. 41,108,418 shares of the company’s stock were exchanged, compared to its average volume of 31,870,000. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel has a 12 month low of $33.23 and a 12 month high of $47.64. The firm has a market capitalization of $209,380.00, a PE ratio of 15.70, a P/E/G ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. equities analysts predict that Intel will post 3.25 EPS for the current year.

In other Intel news, EVP Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $41.06, for a total transaction of $87,006.14. Following the sale, the executive vice president now directly owns 114,091 shares in the company, valued at approximately $4,684,576.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares in the company, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,487,054 shares of company stock worth $65,800,132 over the last 90 days. Insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Capital World Investors boosted its position in shares of Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after buying an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Intel by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after buying an additional 502,225 shares in the last quarter. 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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