BNP Paribas set a $40.00 price objective on Intel Co. (NASDAQ:INTC) in a report published on Monday morning, Marketbeat reports. The firm currently has a a buy rating on the chip maker’s stock.

Intel (NASDAQ:INTC) traded up 0.54% during midday trading on Monday, hitting $29.97. The stock had a trading volume of 22,028,142 shares. The stock has a 50-day moving average price of $32.83 and a 200 day moving average price of $31.42. The firm has a market cap of $141.52 billion and a P/E ratio of 12.86. Intel has a 12-month low of $24.87 and a 12-month high of $35.59.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 14th. The chip maker reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. The firm earned $14.90 billion during the quarter, compared to analyst estimates of $14.80 billion. Intel’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, equities analysts anticipate that Intel will post $2.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Sunday, February 7th will be issued a $0.26 dividend. This is a boost from Intel’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Wednesday, February 3rd.

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank lifted their price target on shares of Intel from $37.00 to $38.00 and gave the company a buy rating in a research report on Sunday, January 3rd. Oppenheimer reiterated a hold rating on shares of Intel in a research report on Thursday, October 15th. Barclays reiterated a buy rating and set a $38.00 price target on shares of Intel in a research report on Wednesday, October 21st. Pacific Crest downgraded shares of Intel from a sector perform rating to an overweight rating and set a $35.00 price target for the company. in a research report on Monday, September 28th. Finally, Vetr downgraded shares of Intel from a buy rating to a hold rating and set a $30.59 price target for the company. in a research report on Wednesday, September 30th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have issued a buy rating to the stock. Intel presently has an average rating of Hold and a consensus target price of $36.57.

In other news, VP William M. Holt sold 40,323 shares of the firm’s stock in a transaction dated Monday, January 25th. The shares were sold at an average price of $30.00, for a total transaction of $1,209,690.00. Following the completion of the transaction, the vice president now directly owns 65,524 shares of the company’s stock, valued at approximately $1,965,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 35,000 shares of the firm’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $33.66, for a total transaction of $1,178,100.00. Following the transaction, the chief executive officer now directly owns 288,415 shares of the company’s stock, valued at $9,708,048.90. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in the company. Loge Solutions acquired a new position in Intel during the third quarter worth approximately $265,000. Acropolis Investment Management increased its position in Intel by 1.2% in the fourth quarter. Acropolis Investment Management now owns 109,477 shares of the chip maker’s stock worth $3,771,000 after buying an additional 1,299 shares during the last quarter. Ken Stern & Associates increased its position in Intel by 16.6% in the third quarter. Ken Stern & Associates now owns 23,774 shares of the chip maker’s stock worth $717,000 after buying an additional 3,387 shares during the last quarter. Modera Wealth Management increased its position in Intel by 20.4% in the third quarter. Modera Wealth Management now owns 9,049 shares of the chip maker’s stock worth $273,000 after buying an additional 1,536 shares during the last quarter. Finally, Merriman Wealth Management acquired a new position in Intel during the fourth quarter worth approximately $201,000.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (NASDAQ:INTC), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.

12 Month Chart for NASDAQ:INTC

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