Intel Corp. Downgraded by Drexel Hamilton to Hold (INTC)
Intel Corp. (NASDAQ:INTC) was downgraded by investment analysts at Drexel Hamilton from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, January 17th. They now have a $28.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Friday, January 17th. They now have a $28.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Intel Corp. from $25.00 to $26.00 in a research note to investors on Friday, January 17th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.63.
In other Intel Corp. news, VP William Holt sold 26,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.50, for a total value of $689,000.00. Following the completion of the transaction, the vice president now directly owns 23,325 shares of the company’s stock, valued at approximately $618,113. The sale was disclosed in a document filed with the SEC, which is available at this link.
Intel Corp. (NASDAQ:INTC) traded down 1.45% on Wednesday, hitting $25.22. The stock had a trading volume of 4,445,668 shares. Intel Corp. has a 52 week low of $20.10 and a 52 week high of $27.12. The stock’s 50-day moving average is $25.24 and its 200-day moving average is $23.81. The company has a market cap of $125.4 billion and a price-to-earnings ratio of 13.84. Intel Corp. also saw unusually large options trading on Monday. Stock traders acquired 139,625 call options on the company. This represents an increase of approximately 104% compared to the average daily volume of 68,436 call options.
Intel Corp. (NASDAQ:INTC) last released its earnings data on Wednesday, January 15th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Intel Corp. will post $1.90 EPS for the current fiscal year.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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