Roth Capital Boosts Intel (NASDAQ:INTC) Price Target to $75.00

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Intel (NASDAQ:INTC) had its price objective upped by research analysts at Roth Capital from $60.00 to $75.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the chip maker’s stock. Roth Capital’s price target would suggest a potential upside of 18.45% from the stock’s previous close.

A number of other brokerages have also recently weighed in on INTC. JPMorgan Chase & Co. set a $80.00 price objective on shares of Intel and gave the company a “buy” rating in a report on Friday. Barclays boosted their price target on shares of Intel from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Loop Capital cut shares of Intel from a “hold” rating to a “sell” rating and boosted their price target for the stock from $50.00 to $59.00 in a report on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Intel from $47.00 to $48.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.50.

Shares of INTC stock opened at $63.32 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20. The stock has a market capitalization of $272.88 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a 50 day moving average price of $59.00 and a 200 day moving average price of $53.55. Intel has a fifty-two week low of $42.86 and a fifty-two week high of $62.85.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 23rd. The chip maker reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $19.23 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. On average, research analysts forecast that Intel will post 4.61 EPS for the current fiscal year.

Intel declared that its Board of Directors has approved a share buyback program on Thursday, October 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the chip maker to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

In other Intel news, Chairman Andy D. Bryant sold 46,932 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the completion of the transaction, the chairman now owns 425,491 shares in the company, valued at approximately $24,780,595.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank D. Yeary sold 12,545 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $60.35, for a total transaction of $757,090.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,284 shares of company stock valued at $4,517,194. 0.02% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Intel by 0.3% during the 2nd quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after purchasing an additional 961,771 shares during the period. Fisher Asset Management LLC grew its stake in shares of Intel by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 27,074,144 shares of the chip maker’s stock worth $1,395,131,000 after purchasing an additional 516,977 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Intel by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,682,368 shares of the chip maker’s stock worth $962,702,000 after purchasing an additional 147,387 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Intel by 1.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 16,101,842 shares of the chip maker’s stock worth $829,728,000 after purchasing an additional 288,623 shares during the period. Finally, Macquarie Group Ltd. grew its stake in Intel by 3.3% in the 2nd quarter. Macquarie Group Ltd. now owns 15,716,448 shares of the chip maker’s stock valued at $752,348,000 after acquiring an additional 496,008 shares during the last quarter. 65.48% of the stock is currently owned by institutional investors and hedge funds.

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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