Intel (NASDAQ:INTC) Given a $34.00 Price Target by Sanford C. Bernstein Analysts
Intel (NASDAQ:INTC) received a $34.00 target price from analysts at Sanford C. Bernstein in a note issued to investors on Wednesday, January 3rd. The brokerage presently has a “sell” rating on the chip maker’s stock. Sanford C. Bernstein’s target price suggests a potential downside of 30.51% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Friday, September 22nd. Canaccord Genuity lifted their target price on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. Robert W. Baird restated an “outperform” rating and issued a $45.00 price objective on shares of Intel in a report on Tuesday, September 5th. BMO Capital Markets boosted their target price on shares of Intel from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, SunTrust Banks reissued a “hold” rating and set a $43.00 price objective (up previously from $39.00) on shares of Intel in a research report on Friday, October 27th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. Intel has an average rating of “Buy” and an average target price of $49.10.
Intel (NASDAQ:INTC) traded down $1.06 on Wednesday, hitting $48.92. The stock had a trading volume of 15,808,579 shares, compared to its average volume of 42,553,609. The stock has a market capitalization of $229,550.00, a P/E ratio of 24.71, a P/E/G ratio of 1.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. Intel has a 1 year low of $33.23 and a 1 year high of $50.85.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 909,632 shares of company stock valued at $40,264,998. 0.08% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. acquired a new position in shares of Intel during the third quarter valued at $119,000. Acrospire Investment Management LLC boosted its holdings in shares of Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Intel during the third quarter valued at $158,000. Finally, Family Capital Trust Co boosted its holdings in shares of Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 67.56% of the company’s stock.
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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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