Royal Bank Of Canada Reiterates Sector Perform Rating for Intel Corporation (INTC)
Intel Corporation (NASDAQ:INTC)‘s stock had its “sector perform” rating reissued by Royal Bank Of Canada in a research report issued to clients and investors on Thursday.
A number of other brokerages have also recently issued reports on INTC. B. Riley reiterated a “buy” rating and set a $44.00 price objective on shares of Intel Corporation in a report on Wednesday, May 3rd. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr cut shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective for the company. in a report on Tuesday, August 8th. Jefferies Group LLC set a $38.00 price objective on shares of Intel Corporation and gave the company a “hold” rating in a report on Saturday, June 3rd. Finally, Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $40.55.
Intel Corporation (INTC) opened at 35.09 on Thursday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a market capitalization of $164.89 billion, a price-to-earnings ratio of 13.39 and a beta of 1.02. The company has a 50-day moving average of $35.31 and a 200-day moving average of $35.55.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. On average, equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
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In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of INTC. Intl Fcstone Inc. bought a new stake in shares of Intel Corporation during the second quarter worth about $410,000. M Holdings Securities Inc. raised its stake in shares of Intel Corporation by 29.0% in the second quarter. M Holdings Securities Inc. now owns 20,188 shares of the chip maker’s stock worth $681,000 after buying an additional 4,542 shares in the last quarter. Griffin Asset Management Inc. bought a new stake in shares of Intel Corporation during the second quarter worth about $4,400,000. Gs Investments Inc. bought a new stake in shares of Intel Corporation during the second quarter worth about $820,000. Finally, Aldebaran Financial Inc. raised its stake in shares of Intel Corporation by 2.6% in the second quarter. Aldebaran Financial Inc. now owns 8,713 shares of the chip maker’s stock worth $294,000 after buying an additional 218 shares in the last quarter. 67.07% of the stock is owned by institutional investors.
Intel Corporation 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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