Intel (NASDAQ:INTC) has been given a $40.00 price target by equities researchers at Jefferies Financial Group in a research note issued on Friday, TipRanks reports. The brokerage currently has a “sell” rating on the chip maker’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 22.82% from the stock’s previous close.

INTC has been the topic of several other research reports. Mizuho set a $43.00 target price on Taubman Centers and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday. Atlantic Securities initiated coverage on Intel in a research note on Monday, July 22nd. They set an “underweight” rating and a $38.00 target price on the stock. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Nomura initiated coverage on NVIDIA in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 target price on the stock. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.31.

Shares of Intel stock traded up $0.23 during trading hours on Friday, hitting $51.82. The company’s stock had a trading volume of 6,762,858 shares, compared to its average volume of 18,428,554. The company’s fifty day simple moving average is $48.30. Intel has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The company has a market cap of $230.97 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Intel’s revenue was down 2.7% on a year-over-year basis. Equities analysts predict that Intel will post 4.13 earnings per share for the current year.

In other news, EVP Navin Shenoy sold 1,254 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $50.80, for a total value of $63,703.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 10,417 shares of company stock worth $494,927. Company insiders own 0.02% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Tributary Capital Management LLC acquired a new stake in Intel during the 4th quarter worth approximately $28,000. Ogorek Anthony Joseph NY ADV lifted its position in Intel by 500.0% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after acquiring an additional 500 shares during the period. Virtus ETF Advisers LLC acquired a new stake in Intel during the 4th quarter worth approximately $48,000. Stevens First Principles Investment Advisors acquired a new stake in Intel during the 4th quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. lifted its position in Intel by 234.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after acquiring an additional 803 shares during the period. Institutional investors and hedge funds own 65.92% of the company’s stock.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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