Analysts at KeyCorp assumed coverage on shares of Intel (NASDAQ:INTC) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “sector weight” rating on the chip maker’s stock.

A number of other analysts have also recently weighed in on the company. MKM Partners lowered their price target on Intel to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 24th. Bank of America cut Intel from a “buy” rating to a “neutral” rating and lowered their price target for the company from $62.00 to $56.00 in a research report on Friday, July 27th. Morgan Stanley upped their price target on Intel from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. BidaskClub cut Intel from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Finally, Macquarie set a $60.00 price target on Intel and gave the company a “buy” rating in a research report on Thursday, August 16th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.29.

Shares of NASDAQ:INTC opened at $45.70 on Tuesday. Intel has a fifty-two week low of $37.10 and a fifty-two week high of $57.60. The firm has a market capitalization of $214.78 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.31 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Intel had a return on equity of 27.33% and a net margin of 20.07%. The firm had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. research analysts predict that Intel will post 4.15 EPS for the current fiscal year.

In other news, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the transaction, the executive vice president now owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total value of $116,027.59. Following the transaction, the executive vice president now directly owns 23,268 shares in the company, valued at approximately $1,219,941.24. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock worth $205,757 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of INTC. Quad Cities Investment Group LLC acquired a new position in Intel in the second quarter valued at about $107,000. Virtue Capital Management LLC acquired a new position in Intel in the fourth quarter valued at about $109,000. Elmwood Wealth Management Inc. acquired a new position in Intel in the first quarter valued at about $110,000. Financial Gravity Wealth Inc. acquired a new position in Intel in the first quarter valued at about $120,000. Finally, WP Advisors LLC acquired a new position in Intel in the second quarter valued at about $137,000. 65.33% of the stock is currently 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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