Intel Co. (INTC) Cut to “Sell” at Vetr Inc.
Intel Co. (NASDAQ:INTC) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a report issued on Thursday. They presently have a $35.07 price target on the chip maker’s stock. Vetr‘s price target would indicate a potential downside of 3.07% from the stock’s current price.
Several other analysts also recently weighed in on INTC. Wells Fargo & Co restated a “top pick” rating and issued a $45.00 price target on shares of Intel in a research note on Tuesday, January 3rd. Canaccord Genuity restated a “buy” rating and issued a $43.00 price target on shares of Intel in a research note on Thursday, January 19th. They noted that the move was a valuation call. Tigress Financial restated a “neutral” rating on shares of Intel in a research note on Tuesday, January 24th. Deutsche Bank AG restated a “buy” rating and issued a $47.00 price target on shares of Intel in a research note on Tuesday, January 24th. Finally, Barclays PLC restated an “overweight” rating and issued a $45.00 price target on shares of Intel in a research note on Friday, January 27th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.22.
Intel (NASDAQ:INTC) traded up 0.75% during midday trading on Thursday, reaching $36.18. The company had a trading volume of 22,968,262 shares. The company has a 50-day moving average price of $35.64 and a 200-day moving average price of $35.99. Intel has a one year low of $29.50 and a one year high of $38.45. The stock has a market capitalization of $171.06 billion, a price-to-earnings ratio of 17.07 and a beta of 1.03.
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Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Intel had a return on equity of 20.95% and a net margin of 17.37%. The firm had revenue of $16.40 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that Intel will post $2.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This is an increase from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a yield of 3.01%. Intel’s payout ratio is currently 49.29%.
In related news, CEO Brian M. Krzanich sold 72,172 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the completion of the transaction, the chief executive officer now directly owns 549,091 shares in the company, valued at $19,333,494.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane M. Bryant sold 2,766 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $37.59, for a total transaction of $103,973.94. Following the transaction, the executive vice president now owns 106,566 shares of the company’s stock, valued at $4,005,815.94. The disclosure for this sale can be found here. Insiders have sold 193,972 shares of company stock valued at $7,014,041 over the last 90 days. 0.09% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of INTC. Edmond DE Rothschild Monaco acquired a new position in Intel during the third quarter worth about $113,000. Jacobus Wealth Management Inc. acquired a new position in Intel during the third quarter worth about $119,000. Roble Belko & Company Inc increased its position in Intel by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock worth $126,000 after buying an additional 200 shares in the last quarter. Fusion Family Wealth LLC acquired a new position in Intel during the fourth quarter worth about $133,000. Finally, American Research & Management Co. increased its position in Intel by 23.8% in the third quarter. American Research & Management Co. now owns 3,681 shares of the chip maker’s stock worth $139,000 after buying an additional 707 shares in the last quarter. Institutional investors own 65.90% of the company’s stock.
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).
To view Vetr’s full report, visit Vetr’s official website.
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