Intel (NASDAQ:INTC) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research note published on Friday morning, BidAskClub reports.

Several other research analysts also recently weighed in on the stock. Sanford C. Bernstein restated a sell rating and set a $42.00 price objective on shares of Intel in a report on Friday, October 25th. Nomura restated a buy rating on shares of Intel in a report on Tuesday, December 17th. Morgan Stanley upped their price objective on shares of Intel from $65.00 to $66.00 and gave the stock an overweight rating in a report on Wednesday, December 18th. Loop Capital set a $50.00 price objective on shares of Intel and gave the stock a hold rating in a report on Friday, October 18th. Finally, Robert W. Baird upped their price objective on shares of Intel from $65.00 to $70.00 and gave the stock an outperform rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Intel has an average rating of Hold and a consensus price target of $56.88.

INTC opened at $59.60 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $58.66 and its two-hundred day moving average price is $53.34. Intel has a 1-year low of $42.86 and a 1-year high of $60.97. The company has a market cap of $259.26 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.69 and a beta of 0.91.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that Intel will post 4.61 earnings per share for the current fiscal year.

Intel declared that its board has authorized a stock buyback plan on Thursday, October 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, Director Frank D. Yeary sold 12,545 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $60.35, for a total transaction of $757,090.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Andy D. Bryant sold 46,932 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the transaction, the chairman now owns 425,491 shares of the company’s stock, valued at approximately $24,780,595.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,284 shares of company stock valued at $4,517,194. 0.02% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower View Investment Management & Research LLC bought a new position in Intel during the fourth quarter worth about $31,000. Corbenic Partners LLC bought a new position in Intel during the fourth quarter worth about $41,000. Fulcrum Capital LLC bought a new position in Intel during the third quarter worth about $201,000. Intercontinental Wealth Advisors LLC boosted its position in Intel by 83.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after purchasing an additional 450 shares during the period. Finally, Lenox Wealth Advisors LLC boosted its position in Intel by 117.4% during the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after purchasing an additional 540 shares during the period. Institutional investors own 65.48% of the company’s stock.

Intel Company Profile

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.

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