Intel (INTC) Stock Rating Lowered by Vetr

Intel (NASDAQ:INTC) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They presently have a $48.80 price objective on the chip maker’s stock. Vetr‘s price target would indicate a potential upside of 9.84% from the company’s previous close.

A number of other brokerages have also recently issued reports on INTC. Mizuho reissued a “buy” rating and issued a $47.00 target price on shares of Intel in a research report on Tuesday, December 26th. BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity upped their target price on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Barclays reissued a “buy” rating and issued a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.43.

Intel (NASDAQ INTC) traded down $0.83 during trading hours on Tuesday, hitting $44.43. The stock had a trading volume of 88,921,762 shares, compared to its average volume of 69,909,352. The firm has a market cap of $207,890.00, a PE ratio of 15.59, a P/E/G ratio of 1.70 and a beta of 1.06. Intel has a twelve month low of $33.23 and a twelve month high of $47.64. 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 released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. research analysts forecast that Intel will post 3.25 EPS for the current fiscal year.

In other Intel news, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were 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. Insiders sold 1,487,054 shares of company stock valued at $65,800,132 over the last 90 days. 0.08% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in INTC. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter valued at about $119,000. Acrospire Investment Management LLC boosted its holdings in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the period. Winfield Associates Inc. boosted its holdings in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in Intel during the third quarter valued at about $158,000. 67.54% of the stock is currently owned by 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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