Sanford C. Bernstein Reiterates “$40.00” Price Target for Intel (NASDAQ:INTC)

Sanford C. Bernstein set a $40.00 price objective on Intel (NASDAQ:INTC) in a report issued on Tuesday morning, Borsen Zeitung reports.

Several other analysts have also recently commented on the stock. Morgan Stanley set a $55.00 price target on shares of Intel in a research note on Tuesday, December 7th. Wedbush decreased their target price on shares of Intel from $50.00 to $45.00 and set an underperform rating on the stock in a research report on Friday, October 22nd. UBS Group cut shares of Intel from a buy rating to a neutral rating and decreased their target price for the company from $73.00 to $58.00 in a research report on Friday, October 22nd. Barclays decreased their target price on shares of Intel from $50.00 to $45.00 and set an underweight rating on the stock in a research report on Friday, October 22nd. Finally, Robert W. Baird decreased their target price on shares of Intel from $85.00 to $60.00 and set an outperform rating on the stock in a research report on Friday, October 22nd. Eleven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of Hold and a consensus price target of $57.71.

Shares of INTC stock opened at $55.70 on Tuesday. The stock has a market cap of $226.53 billion, a P/E ratio of 10.82, a PEG ratio of 2.00 and a beta of 0.53. Intel has a 52 week low of $47.87 and a 52 week high of $68.49. The company has a quick ratio of 1.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $51.20 and its two-hundred day simple moving average is $52.87.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, October 20th. The chip maker reported $1.71 EPS for the quarter, topping the consensus estimate of $1.11 by $0.60. The business had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.22 billion. Intel had a net margin of 26.89% and a return on equity of 28.74%. During the same quarter in the previous year, the company earned $1.11 EPS. On average, analysts anticipate that Intel will post 5.28 EPS for the current fiscal year.

In other news, EVP Gregory M. Bryant sold 1,417 shares of the stock in a transaction that occurred on 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 SEC, which can be accessed through this link. Also, Director Frank D. Yeary bought 10,000 shares of the stock in a transaction on Monday, October 25th. The stock was purchased at an average price of $49.66 per share, with a total value of $496,600.00. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Capital Management LLC acquired a new stake in Intel in the third quarter valued at approximately $27,000. Strategic Asset Management LLC acquired a new stake in Intel in the third quarter valued at approximately $28,000. Tower View Investment Management & Research LLC raised its holdings in shares of Intel by 200.0% in the third quarter. Tower View Investment Management & Research LLC now owns 600 shares of the chip maker’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Fortis Advisors LLC purchased a new position in shares of Intel in the third quarter worth $45,000. Finally, Moser Wealth Advisors LLC purchased a new position in shares of Intel in the third quarter worth $50,000. Institutional investors own 61.94% of the company’s stock.

Intel Company Profile

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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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