Intel (INTC) Stock Rating Lowered by Vetr

Intel (NASDAQ:INTC) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday. They presently have a $54.41 target price on the chip maker’s stock. Vetr‘s price objective points to a potential upside of 4.47% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Nomura restated a “buy” rating and issued a $50.00 price objective on shares of Intel in a research note on Thursday, January 4th. B. Riley reiterated a “buy” rating and set a $53.00 target price on shares of Intel in a research note on Thursday, January 4th. JPMorgan Chase set a $53.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, January 4th. Maxim Group increased their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. They noted that the move was a valuation call. Finally, Instinet increased their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Intel has an average rating of “Buy” and an average price target of $50.30.

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NASDAQ INTC opened at $52.08 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel has a 1 year low of $33.23 and a 1 year high of $53.78. The firm has a market capitalization of $243,109.45, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.75 and a beta of 1.01.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts anticipate that Intel will post 3.54 EPS for the current fiscal year.

In other news, CEO Brian M. Krzanich sold 74,456 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total transaction of $66,959.16. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $68,474.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of INTC. Beach Investment Management LLC. acquired a new stake in Intel during the second quarter worth approximately $371,000. Private Harbour Investment Management & Counsel LLC boosted its position in Intel by 2.0% during the second quarter. Private Harbour Investment Management & Counsel LLC now owns 36,450 shares of the chip maker’s stock worth $1,230,000 after acquiring an additional 710 shares during the last quarter. Capital Planning Advisors LLC boosted its position in Intel by 63.2% during the second quarter. Capital Planning Advisors LLC now owns 56,609 shares of the chip maker’s stock worth $1,910,000 after acquiring an additional 21,926 shares during the last quarter. Hudock Capital Group LLC boosted its position in Intel by 25.6% during the second quarter. Hudock Capital Group LLC now owns 15,794 shares of the chip maker’s stock worth $532,000 after acquiring an additional 3,224 shares during the last quarter. Finally, Sage Capital Advisors llc acquired a new stake in Intel during the second quarter worth approximately $3,853,000. 69.16% of the stock is owned by institutional investors and hedge funds.

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Intel Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Analyst Recommendations for Intel (NASDAQ:INTC)

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