Intel Co. (NASDAQ:INTC) was upgraded by research analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports. The firm presently has a $31.00 price objective on the chip maker’s stock. Goldman Sachs’ price objective points to a potential upside of 4.03% from the company’s previous close.

In related news, CEO Brian M. Krzanich sold 35,000 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $34.97, for a total value of $1,223,950.00. Following the transaction, the chief executive officer now directly owns 323,415 shares in the company, valued at $11,309,822.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William M. Holt sold 40,323 shares of the company’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 owns 65,524 shares in the company, valued at $1,965,720. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. Proficio Capital Partners acquired a new position in Intel during the fourth quarter valued at approximately $26,000. Taylor Wealth Management Partners increased its position in Intel by 16.0% in the fourth quarter. Taylor Wealth Management Partners now owns 1,160 shares of the chip maker’s stock valued at $40,000 after buying an additional 160 shares during the period. Simplex Trading increased its position in Intel by 60.0% in the fourth quarter. Simplex Trading now owns 1,616 shares of the chip maker’s stock valued at $854,000 after buying an additional 606 shares during the period. Merriman Wealth Management acquired a new position in Intel during the fourth quarter valued at approximately $201,000. Finally, Toth Financial acquired a new position in Intel during the fourth quarter valued at approximately $219,000.

Several other research firms have also weighed in on INTC. Wedbush increased their price objective on shares of Intel from $36.00 to $39.00 in a research note on Wednesday, October 21st. Piper Jaffray reiterated a “buy” rating and set a $37.00 price objective on shares of Intel in a research note on Friday, October 9th. Wells Fargo reiterated a “buy” rating on shares of Intel in a research note on Thursday, October 8th. Summit Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Monday, October 12th. Finally, Pacific Crest reiterated a “buy” rating and set a $35.00 price objective on shares of Intel in a research note on Monday, October 12th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty have issued a buy rating to the stock. Intel has an average rating of “Buy” and an average price target of $36.68.

Intel (NASDAQ:INTC) traded down 3.809% during midday trading on Tuesday, hitting $28.665. 19,527,540 shares of the stock were exchanged. The firm’s 50-day moving average is $32.47 and its 200 day moving average is $31.47. Intel has a 52 week low of $24.87 and a 52 week high of $35.59. The stock has a market cap of $135.36 billion and a price-to-earnings ratio of 12.303.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 14th. The chip maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. During the same quarter last year, the company posted $0.74 EPS. The company earned $14.90 billion during the quarter, compared to analyst estimates of $14.80 billion. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts expect that Intel will post $2.44 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 3rd. This represents a $1.04 annualized dividend and a dividend yield of 3.49%. This is an increase from Intel’s previous quarterly dividend of $0.24.

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.

12 Month Chart for NASDAQ:INTC

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