Intel (NASDAQ:INTC) Given New $52.00 Price Target at Mizuho

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Intel (NASDAQ:INTC) had its price target trimmed by Mizuho from $56.00 to $52.00 in a report released on Thursday, The Fly reports. The brokerage currently has a buy rating on the chip maker’s stock. The analysts noted that the move was a valuation call.

Several other research firms also recently issued reports on INTC. Zacks Investment Research raised Jack Henry & Associates from a sell rating to a hold rating in a research note on Wednesday, March 27th. BidaskClub raised shares of Winmark from a sell rating to a hold rating in a research report on Tuesday, May 14th. Nomura initiated coverage on shares of NVIDIA in a research report on Tuesday, April 2nd. They set a neutral rating and a $147.00 target price for the company. ValuEngine raised shares of YPF from a sell rating to a hold rating in a research report on Monday, June 24th. Finally, Macquarie set a $60.00 target price on shares of Intel and gave the company a buy rating in a research report on Friday, April 26th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company. Intel has an average rating of Hold and an average price target of $53.52.

Intel stock opened at $49.92 on Thursday. The firm has a 50 day moving average price of $46.55. Intel has a 1 year low of $42.36 and a 1 year high of $59.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13. The firm has a market capitalization of $223.49 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.57 and a beta of 0.84.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts predict that Intel will post 4.23 EPS for the current fiscal year.

In other Intel news, EVP Navin Shenoy sold 8,552 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $46.78, for a total transaction of $400,062.56. Following the transaction, the executive vice president now directly owns 68,833 shares in the company, valued at approximately $3,220,007.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.19, for a total value of $1,982,645.91. Following the transaction, the insider now owns 76,855 shares in the company, valued at $4,011,062.45. The disclosure for this sale can be found here. Insiders have sold a total of 48,406 shares of company stock worth $2,477,573 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. E&G Advisors LP lifted its holdings in shares of Intel by 3.2% in the 2nd quarter. E&G Advisors LP now owns 16,224 shares of the chip maker’s stock worth $777,000 after purchasing an additional 500 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Intel by 0.5% in the 2nd quarter. West Oak Capital LLC now owns 47,361 shares of the chip maker’s stock worth $2,267,000 after purchasing an additional 255 shares in the last quarter. Northstar Group Inc. lifted its holdings in shares of Intel by 7.3% in the 2nd quarter. Northstar Group Inc. now owns 34,370 shares of the chip maker’s stock worth $1,645,000 after purchasing an additional 2,338 shares in the last quarter. Community Bank & Trust Waco Texas lifted its holdings in shares of Intel by 0.4% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 140,074 shares of the chip maker’s stock worth $6,705,000 after purchasing an additional 573 shares in the last quarter. Finally, Smith Salley & Associates lifted its holdings in shares of Intel by 10.8% in the 2nd quarter. Smith Salley & Associates now owns 6,596 shares of the chip maker’s stock worth $316,000 after purchasing an additional 645 shares in the last quarter. Institutional investors own 65.99% of the company’s stock.

About Intel

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.

Further Reading: Fundamental Analysis and Individual Investors

The Fly

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