Intel (NASDAQ:INTC) received a $53.00 price objective from stock analysts at BNP Paribas in a research note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the chip maker’s stock. BNP Paribas’ price target indicates a potential upside of 10.99% from the stock’s previous close.
INTC has been the topic of a number of other reports. Morningstar set a $65.00 target price on shares of Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Morgan Stanley lowered shares of Intel from an “equal” rating to a “weight” rating in a research report on Monday, October 1st. BidaskClub lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Nomura restated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a report on Friday, August 10th. Finally, Macquarie set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a research note on Sunday, September 30th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $55.60.
Shares of Intel stock opened at $47.75 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $223.39 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.25 and a beta of 0.91. Intel has a 1-year low of $42.04 and a 1-year high of $57.60.
Intel declared that its board has authorized a share repurchase plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, EVP Navin Shenoy sold 4,522 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $50.00, for a total transaction of $226,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the sale, the vice president now owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,257 shares of company stock valued at $624,095. 0.03% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Beaumont Financial Partners LLC raised its stake in Intel by 27.2% in the 1st quarter. Beaumont Financial Partners LLC now owns 33,527 shares of the chip maker’s stock worth $1,746,000 after purchasing an additional 7,160 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Intel by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock worth $2,651,194,000 after purchasing an additional 295,380 shares in the last quarter. Tiedemann Advisors LLC raised its stake in Intel by 26.6% in the 1st quarter. Tiedemann Advisors LLC now owns 65,137 shares of the chip maker’s stock worth $3,391,000 after purchasing an additional 13,699 shares in the last quarter. Covington Capital Management raised its stake in Intel by 6.2% in the 1st quarter. Covington Capital Management now owns 424,616 shares of the chip maker’s stock worth $22,114,000 after purchasing an additional 24,916 shares in the last quarter. Finally, Leisure Capital Management raised its stake in Intel by 76.3% in the 1st quarter. Leisure Capital Management now owns 11,590 shares of the chip maker’s stock worth $604,000 after purchasing an additional 5,016 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.
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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