Intel (NASDAQ:INTC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.
A number of other equities analysts have also weighed in on INTC. Vetr raised Intel from a “hold” rating to a “buy” rating and set a $51.19 price objective for the company in a research note on Thursday, March 1st. ValuEngine lowered Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Bank of America reissued a “buy” rating and set a $61.00 price target (up from $52.00) on shares of Intel in a research note on Thursday, March 8th. Wells Fargo & Co increased their price target on Intel from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, March 22nd. Finally, UBS Group raised Intel from an “underperform” rating to a “market perform” rating in a research note on Monday, March 26th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.60.
NASDAQ INTC opened at $49.71 on Thursday. The stock has a market capitalization of $228.11 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23. Intel has a twelve month low of $33.23 and a twelve month high of $57.60.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The firm had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. equities research analysts predict that Intel will post 4 earnings per share for the current fiscal year.
In other Intel news, CEO Brian M. Krzanich sold 6,746 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $52.52, for a total transaction of $354,299.92. Following the transaction, the chief executive officer now directly owns 264,084 shares in the company, valued at approximately $13,869,691.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navin Shenoy sold 1,265 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $52.47, for a total value of $66,374.55. Following the transaction, the executive vice president now owns 32,022 shares in the company, valued at $1,680,194.34. The disclosure for this sale can be found here. Insiders have sold a total of 13,192 shares of company stock worth $693,559 over the last 90 days. 0.03% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Midwest Professional Planners LTD. boosted its position in Intel by 10.7% during the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after acquiring an additional 966 shares in the last quarter. Kingfisher Capital LLC boosted its position in Intel by 9.6% during the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after acquiring an additional 967 shares in the last quarter. Fiduciary Group LLC boosted its position in Intel by 2.9% during the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after acquiring an additional 969 shares in the last quarter. WealthTrust Fairport LLC boosted its position in Intel by 2.9% during the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after acquiring an additional 971 shares in the last quarter. Finally, Schnieders Capital Management LLC boosted its position in Intel by 0.8% during the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after acquiring an additional 972 shares in the last quarter. Institutional investors own 66.89% of the company’s stock.
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.
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.