Intel (INTC) Rating Lowered to Hold at Vetr

Intel (NASDAQ:INTC) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report released on Tuesday. They currently have a $47.77 price objective on the chip maker’s stock. Vetr‘s target price suggests a potential upside of 3.71% from the company’s current price.

INTC has been the topic of a number of other research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $40.00 price objective (up previously from $37.00) on shares of Intel in a research note on Friday, October 6th. KeyCorp reiterated a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price objective on shares of Intel in a research note on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $45.00 price objective on shares of Intel in a research note on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating and set a $53.00 price objective on shares of Intel in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.72.

Shares of Intel (INTC) traded up $0.31 during trading on Tuesday, hitting $46.06. The stock had a trading volume of 21,892,503 shares, compared to its average volume of 35,260,000. Intel has a one year low of $33.23 and a one year high of $47.64. The company has a market cap of $215,560.00, a PE ratio of 16.16, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. analysts forecast that Intel will post 3.25 earnings per share for the current fiscal year.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,485,415 shares of company stock worth $65,733,081. Insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Walter & Keenan Financial Consulting Co. MI ADV lifted its position in shares of Intel by 9.4% during the 4th quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock worth $6,298,000 after buying an additional 11,764 shares during the last quarter. Pratt Collard Advisory Partners LLC bought a new stake in shares of Intel during the 4th quarter worth $1,004,000. Crossvault Capital Management LLC lifted its position in shares of Intel by 28.0% during the 4th quarter. Crossvault Capital Management LLC now owns 69,464 shares of the chip maker’s stock worth $3,206,000 after buying an additional 15,175 shares during the last quarter. Bfsg LLC lifted its position in shares of Intel by 2.6% during the 4th quarter. Bfsg LLC now owns 97,328 shares of the chip maker’s stock worth $4,493,000 after buying an additional 2,425 shares during the last quarter. Finally, WoodTrust Financial Corp bought a new stake in shares of Intel during the 4th quarter worth $2,514,000. 67.48% of the stock is currently 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).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Intel (NASDAQ:INTC)

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