Intel (NASDAQ:INTC) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Thursday. The firm currently has a $49.90 target price on the chip maker’s stock. Vetr‘s price objective would indicate a potential upside of 12.31% from the company’s current price.

Several other brokerages also recently issued reports on INTC. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Friday, September 22nd. Canaccord Genuity increased their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the company a “buy” rating in a research report on Thursday. Oppenheimer reissued a “hold” rating on shares of Intel in a research report on Thursday. Finally, BMO Capital Markets raised their price target on shares of Intel from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intel has a consensus rating of “Buy” and a consensus target price of $44.46.

Intel (NASDAQ INTC) traded down $0.83 during midday trading on Thursday, reaching $44.43. 88,431,631 shares of the company traded hands, compared to its average volume of 28,980,000. Intel has a 52-week low of $33.23 and a 52-week high of $47.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The stock has a market capitalization of $207,930.00, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same quarter last year, the firm posted $0.80 earnings per share. Intel’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Intel will post 3.25 earnings per share for the current fiscal year.

In related news, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the transaction, the executive vice president now owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of Intel stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the transaction, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock worth $65,800,132 in the last three months. 0.08% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in INTC. Vanguard Group Inc. lifted its holdings in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors lifted its holdings in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the last quarter. Capital Research Global Investors lifted its holdings in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after purchasing an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Intel by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares during the last quarter. 67.54% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Intel (NASDAQ:INTC)

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