Intel (INTC) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a report released on Tuesday.

INTC has been the topic of several other reports. B. Riley upped their price objective on Intel from $55.00 to $65.00 and gave the company a buy rating in a research report on Friday, April 27th. Stifel Nicolaus upped their price objective on Intel from $53.00 to $57.00 and gave the company a hold rating in a research report on Friday, April 27th. Bank of America reaffirmed a buy rating and issued a $65.00 price objective on shares of Intel in a research report on Wednesday, April 18th. Tigress Financial raised Intel from a neutral rating to a buy rating and set a $50.34 price objective on the stock in a research report on Thursday, April 5th. Finally, Cowen began coverage on Intel in a research report on Thursday, May 17th. They issued a market perform rating and a $55.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $55.60.

Intel opened at $49.71 on Tuesday, Marketbeat reports. The company has a market capitalization of $230.41 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. Intel has a 12-month low of $33.23 and a 12-month high of $57.60. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. analysts forecast that Intel will post 4 EPS for the current year.

In other Intel news, CEO Brian M. Krzanich sold 6,746 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total value of $354,299.92. Following the completion of the sale, the chief executive officer now owns 264,084 shares in the company, valued at approximately $13,869,691.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 3,072 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $52.78, for a total value of $162,140.16. Following the completion of the sale, the chief executive officer now owns 259,683 shares of the company’s stock, valued at approximately $13,706,068.74. The disclosure for this sale can be found here. Insiders sold a total of 13,192 shares of company stock valued at $693,559 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC bought a new position in shares of Intel during the 1st quarter valued at about $783,000. Greenline Partners LLC boosted its holdings in shares of Intel by 2.3% during the 1st quarter. Greenline Partners LLC now owns 295,052 shares of the chip maker’s stock valued at $15,366,000 after purchasing an additional 6,735 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Intel during the 1st quarter valued at about $191,000. Brasada Capital Management LP bought a new position in shares of Intel during the 1st quarter valued at about $391,000. Finally, Menora Mivtachim Holdings LTD. boosted its holdings in shares of Intel by 58.9% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 1,591,040 shares of the chip maker’s stock valued at $82,861,000 after purchasing an additional 589,500 shares during the last quarter. Institutional investors and hedge funds own 66.89% of the company’s stock.

Intel Company Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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

Analyst Recommendations for Intel (NASDAQ:INTC)

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