Needham & Company LLC Reiterates Hold Rating for Intel (NASDAQ:INTC)

Needham & Company LLC reiterated their hold rating on shares of Intel (NASDAQ:INTC) in a research report sent to investors on Tuesday morning, AnalystRatings.com reports.

A number of other equities analysts have also commented on the stock. Citigroup restated a hold rating and issued a $58.00 price objective on shares of Intel in a research report on Tuesday, June 23rd. SunTrust Banks raised their price target on shares of Intel from $58.00 to $59.00 and gave the company a hold rating in a report on Friday, April 24th. ThinkEquity started coverage on shares of Intel in a research report on Monday, March 16th. They set a buy rating for the company. Tigress Financial reiterated a buy rating on shares of Intel in a research report on Friday, June 5th. Finally, Susquehanna Bancshares reissued a hold rating and set a $56.00 price objective on shares of Intel in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $65.44.

Shares of INTC opened at $59.53 on Tuesday. The firm has a market cap of $248.15 billion, a PE ratio of 11.54, a PEG ratio of 1.62 and a beta of 0.78. The stock’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $59.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.35. Intel has a 1 year low of $43.63 and a 1 year high of $69.29.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. Intel had a return on equity of 31.64% and a net margin of 30.02%. The company had revenue of $19.83 billion for the quarter, compared to analyst estimates of $18.65 billion. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. Sell-side analysts anticipate that Intel will post 4.81 earnings per share for the current fiscal year.

In other Intel news, EVP Navin Shenoy sold 2,848 shares of Intel stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $58.83, for a total value of $167,547.84. Following the sale, the executive vice president now directly owns 77,709 shares in the company, valued at approximately $4,571,620.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 46,544 shares of Intel stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total transaction of $2,823,824.48. Following the completion of the sale, the insider now owns 126,240 shares in the company, valued at $7,658,980.80. The disclosure for this sale can be found here. Insiders have sold a total of 56,410 shares of company stock worth $3,411,259 over the last 90 days. Insiders own 0.04% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orser Capital Management LLC grew its stake in shares of Intel by 192.1% in the 4th quarter. Orser Capital Management LLC now owns 18,697 shares of the chip maker’s stock worth $1,115,000 after buying an additional 12,297 shares in the last quarter. Valueworks LLC grew its stake in shares of Intel by 38,994.5% in the 4th quarter. Valueworks LLC now owns 1,788,575 shares of the chip maker’s stock worth $274,000 after buying an additional 1,784,000 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Intel during the 4th quarter worth about $304,000. Franklin Resources Inc. boosted its stake in shares of Intel by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 12,941,988 shares of the chip maker’s stock worth $774,578,000 after purchasing an additional 502,407 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its stake in shares of Intel by 7.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 11,401 shares of the chip maker’s stock worth $682,000 after purchasing an additional 782 shares during the period. Institutional investors own 65.04% 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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