Intel Co. (NASDAQ:INTC) hit a new 52-week low during mid-day trading on Friday after Bank of America lowered their price target on the stock from $55.00 to $52.00. Bank of America currently has an underperform rating on the stock. Intel traded as low as $47.78 and last traded at $48.05, with a volume of 89569006 shares trading hands. The stock had previously closed at $51.69.
Several other equities research analysts have also weighed in on the company. Susquehanna dropped their target price on Intel from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, October 22nd. Roth Capital decreased their price objective on shares of Intel from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, October 22nd. JPMorgan Chase & Co. set a $64.00 price target on Intel in a research note on Wednesday, December 8th. Needham & Company LLC reduced their target price on Intel from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 22nd. Finally, Credit Suisse Group cut their price target on Intel from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. Ten analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.31.
In other news, EVP Gregory M. Bryant sold 1,417 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $49.69, for a total transaction of $70,410.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.02% of the company’s stock.
Large investors have recently modified their holdings of the stock. Amundi bought a new stake in shares of Intel during the 2nd quarter worth $1,016,365,000. Third Point LLC raised its holdings in Intel by 1,300.0% in the 2nd quarter. Third Point LLC now owns 14,000,000 shares of the chip maker’s stock valued at $785,960,000 after acquiring an additional 13,000,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Intel by 407.5% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,628,572 shares of the chip maker’s stock valued at $484,408,000 after acquiring an additional 6,928,482 shares in the last quarter. Nordea Investment Management AB raised its holdings in Intel by 99.3% in the 3rd quarter. Nordea Investment Management AB now owns 10,794,070 shares of the chip maker’s stock valued at $580,936,000 after acquiring an additional 5,379,319 shares in the last quarter. Finally, Generation Investment Management LLP grew its stake in shares of Intel by 75.1% in the 3rd quarter. Generation Investment Management LLP now owns 12,392,297 shares of the chip maker’s stock valued at $660,262,000 after purchasing an additional 5,313,431 shares during the period. Institutional investors and hedge funds own 61.94% of the company’s stock.
The company has a market capitalization of $195.42 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The firm has a 50 day moving average price of $51.60 and a two-hundred day moving average price of $52.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.74 and a current ratio of 2.07.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, January 25th. The chip maker reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.19. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $18.36 billion. Intel had a return on equity of 28.74% and a net margin of 26.89%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. On average, equities analysts expect that Intel Co. will post 5.28 earnings per share for the current year.
About Intel (NASDAQ:INTC)
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.