Intel (NASDAQ:INTC) Receives “Sell” Rating from Royal Bank of Canada

Intel (NASDAQ:INTC)‘s stock had its “sell” rating reissued by Royal Bank of Canada in a research report issued to clients and investors on Monday, TipRanks reports.

A number of other equities analysts have also weighed in on the stock. Daiwa Capital Markets lowered shares of Intel from an “outperform” rating to a “neutral” rating in a research report on Monday, April 29th. Argus upped their price target on shares of Microsoft to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Mizuho dropped their price target on shares of Intel from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Wells Fargo & Co dropped their price target on shares of Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, May 9th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the stock. Intel presently has an average rating of “Hold” and an average target price of $53.52.

Shares of INTC traded up $0.22 during mid-day trading on Monday, reaching $49.39. The stock had a trading volume of 9,733,980 shares, compared to its average volume of 18,332,984. The firm has a market capitalization of $224.39 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84. Intel has a 12 month low of $42.36 and a 12 month high of $59.59. The business’s fifty day moving average price is $46.96. 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 (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million during the quarter, compared to analyst estimates of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. As a group, equities analysts anticipate that Intel will post 4.23 earnings per share for the current fiscal year.

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

Several institutional investors have recently made changes to their positions in the stock. Tributary Capital Management LLC acquired a new stake in Intel in the 4th quarter valued at $28,000. Ogorek Anthony Joseph NY ADV grew its stake in Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Virtus ETF Advisers LLC acquired a new stake in Intel in the 4th quarter valued at $48,000. Stevens First Principles Investment Advisors acquired a new stake in Intel in the 4th quarter valued at $53,000. Finally, Contravisory Investment Management Inc. grew its stake in Intel by 234.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock valued at $55,000 after acquiring an additional 803 shares during the period. 66.03% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: How are Outstanding Shares Different from Authorized Shares?

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.