Vetr cut shares of Intel (NASDAQ:INTC) from a strong-buy rating to a buy rating in a research report released on Wednesday morning. The brokerage currently has $49.51 price target on the chip maker’s stock.
INTC has been the topic of a number of other reports. Royal Bank of Canada reissued a sector perform rating and issued a $40.00 price objective (up from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reissued a buy rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a buy rating and issued a $43.00 target price on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reaffirmed a buy rating and issued a $45.00 target price on shares of Intel in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Intel from a buy rating to a hold rating in a research report on Tuesday, September 19th. 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 target price of $44.77.
Shares of Intel (NASDAQ:INTC) traded up $0.09 during trading hours on Wednesday, hitting $44.48. 26,825,476 shares of the company’s stock were exchanged, compared to its average volume of 35,460,000. 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 quick ratio of 1.27 and a current ratio of 1.60. The stock has a market cap of $208,170.00, a P/E ratio of 15.61, a PEG ratio of 1.56 and a beta of 1.06.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ 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 company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts expect that Intel will post 3.25 earnings per share for the current fiscal year.
In other news, Chairman Andy D. Bryant sold 89,087 shares of Intel stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now directly owns 428,789 shares in the company, valued at $19,209,747.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. Insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Capital World Investors grew its holdings in Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Capital Research Global Investors grew its holdings in Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP grew its holdings in Intel by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after purchasing an additional 397,082 shares during the period. Finally, Legal & General Group Plc grew its holdings in Intel by 2.0% in the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after purchasing an additional 502,225 shares during the period. Institutional investors and hedge funds own 67.56% of the company’s stock.
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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).
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