Intel (INTC) Stock Rating Reaffirmed by Sanford C. Bernstein

Intel (NASDAQ:INTC)‘s stock had its “sell” rating reiterated by research analysts at Sanford C. Bernstein in a report released on Friday. They presently have a $38.00 price objective on the chip maker’s stock. Sanford C. Bernstein’s price objective indicates a potential downside of 24.12% from the company’s current price.

A number of other analysts have also recently issued reports on INTC. Morningstar set a $41.00 price objective on Intel and gave the company a “neutral” rating in a research report on Friday. Robert W. Baird set a $60.00 price objective on Intel and gave the company a “buy” rating in a research report on Friday. Vetr cut Intel from a “buy” rating to a “hold” rating and set a $47.77 price objective for the company. in a research report on Tuesday, January 23rd. Stifel Nicolaus lifted their price objective on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada set a $46.00 price objective on Intel and gave the company a “neutral” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $48.56.

Shares of Intel (NASDAQ INTC) opened at $50.08 on Friday. The company has a market capitalization of $234,370.00, a price-to-earnings ratio of 25.29, a PEG ratio of 1.63 and a beta of 1.06. 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 12-month low of $33.23 and a 12-month high of $50.15.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.35% and a net margin of 15.30%. Intel’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. research analysts expect that Intel will post 3.3 EPS for the current year.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 899,330 shares of company stock worth $39,756,276 over the last three months. 0.08% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. lifted its holdings in Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares in the last quarter. Paradigm Financial Advisors LLC lifted its holdings in Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after buying an additional 67 shares in the last quarter. Bank of Stockton lifted its holdings in Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after buying an additional 72 shares in the last quarter. Marathon Capital Management lifted its holdings in Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after buying an additional 80 shares in the last quarter. Finally, Sonata Capital Group Inc. lifted its holdings in Intel by 0.9% during the 2nd quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock worth $400,000 after buying an additional 100 shares in the last quarter. 67.48% of the stock is currently owned by institutional investors and hedge funds.

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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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