Intel (NASDAQ:INTC) PT Lowered to $52.00 at Mizuho

Intel (NASDAQ:INTC) had its price objective reduced by Mizuho from $56.00 to $52.00 in a research report released on Thursday, The Fly reports. Mizuho currently has a buy rating on the chip maker’s stock. The analysts noted that the move was a valuation call.

A number of other research analysts have also weighed in on INTC. Goldman Sachs Group reaffirmed a sell rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Argus lifted their price target on shares of Microsoft to $145.00 and gave the company a buy rating in a research note on Monday, April 29th. Zacks Investment Research raised shares of Jack Henry & Associates from a sell rating to a hold rating in a research note on Wednesday, March 27th. New Street Research set a $65.00 price target on shares of Intel and gave the company a buy rating in a research note on Tuesday, April 16th. Finally, Wedbush raised shares of Sunstone Hotel Investors from a neutral rating to an outperform rating in a research note on Wednesday, June 26th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $53.52.

Shares of INTC opened at $49.92 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54. Intel has a twelve month low of $42.36 and a twelve month high of $59.59. The firm has a 50 day moving average of $46.55. The company has a market capitalization of $223.49 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.57 and a beta of 0.84.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The business’s revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that Intel will post 4.23 EPS for the current year.

In related news, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $46.78, for a total transaction of $400,062.56. Following the transaction, the executive vice president now directly owns 68,833 shares in the company, valued at $3,220,007.74. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the transaction, the insider now owns 76,855 shares in the company, valued at $4,011,062.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,406 shares of company stock worth $2,477,573. 0.02% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after purchasing an additional 2,892,357 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after purchasing an additional 2,892,357 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Intel by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 24,959,006 shares of the chip maker’s stock valued at $1,171,326,000 after purchasing an additional 803,207 shares during the last quarter. FMR LLC increased its holdings in shares of Intel by 5.5% in the first quarter. FMR LLC now owns 21,740,723 shares of the chip maker’s stock valued at $1,167,477,000 after purchasing an additional 1,133,474 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Intel by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,417,125 shares of the chip maker’s stock valued at $723,526,000 after purchasing an additional 824,109 shares during the last quarter. Institutional investors and hedge funds own 65.99% of the company’s stock.

About Intel

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.

Featured Article: Does a trade war provide a risk to the global economy?

The Fly

Analyst Recommendations for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.