Intel (NASDAQ:INTC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages also recently weighed in on INTC. Mizuho reissued a “buy” rating and issued a $47.00 price target on shares of Intel in a report on Tuesday, December 26th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target for the company. in a report on Tuesday, January 2nd. Canaccord Genuity increased their price target on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. Barclays reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a report on Monday, November 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price target on shares of Intel in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.78.

Intel (INTC) traded down $0.17 during trading hours on Friday, reaching $43.24. 29,934,652 shares of the company were exchanged, compared to its average volume of 35,030,000. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel has a 1-year low of $33.23 and a 1-year high of $47.64. The firm has a market cap of $202,360.00, a price-to-earnings ratio of 15.17, a PEG ratio of 1.57 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the prior year, the firm earned $0.80 EPS. The business’s revenue was up 2.4% on a year-over-year basis. equities analysts anticipate that Intel will post 3.25 EPS for the current fiscal year.

In related news, EVP Diane M. Bryant sold 2,119 shares of Intel stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $41.06, for a total transaction of $87,006.14. Following the completion of the transaction, the executive vice president now directly owns 114,091 shares of the company’s stock, valued at approximately $4,684,576.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,487,054 shares of company stock valued at $65,800,132 over the last three months. 0.08% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. increased its position in Intel by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 29 shares in the last quarter. Conservest Capital Advisors Inc. increased its position in Intel by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after acquiring an additional 51 shares in the last quarter. Paradigm Financial Advisors LLC increased its position in Intel by 0.3% in the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after acquiring an additional 67 shares in the last quarter. Bank of Stockton increased its position in Intel by 0.4% in the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after acquiring an additional 72 shares in the last quarter. Finally, Marathon Capital Management increased its position in Intel by 0.7% in the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 80 shares in the last quarter. 67.54% of the stock is owned by hedge funds and other institutional investors.

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About Intel

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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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