Intel (NASDAQ:INTC) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, September 14th.
A number of other research firms have also issued reports on INTC. KeyCorp lowered their target price on Intel from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. Wells Fargo & Co reaffirmed a “buy” rating and set a $65.00 target price on shares of Intel in a report on Thursday, June 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Intel in a report on Friday, July 27th. Bank of America lowered Intel from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $62.00 to $56.00 in a report on Friday, July 27th. Finally, ValuEngine lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.84.
Shares of INTC traded down $1.10 during trading hours on Friday, reaching $47.03. 28,893,752 shares of the company’s stock traded hands, compared to its average volume of 29,244,244. The firm has a market capitalization of $221.24 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. Intel has a twelve month low of $38.98 and a twelve month high of $57.60.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The firm had revenue of $16.96 billion for the quarter, compared to analyst estimates of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. Intel’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Analysts forecast that Intel will post 4.15 EPS for the current fiscal year.
In other Intel news, EVP Steven Ralph Rodgers sold 2,213 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now directly owns 23,268 shares in the company, valued at approximately $1,219,941.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the sale, the executive vice president now owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold a total of 4,077 shares of company stock valued at $205,757 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. raised its stake in shares of Intel by 5.9% during the 1st quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock worth $100,143,000 after purchasing an additional 106,635 shares in the last quarter. BancorpSouth Bank bought a new position in shares of Intel in the 4th quarter valued at approximately $6,306,000. James Hambro & Partners bought a new position in shares of Intel in the 4th quarter valued at approximately $305,000. Silvercrest Asset Management Group LLC raised its stake in shares of Intel by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock valued at $67,598,000 after acquiring an additional 12,285 shares in the last quarter. Finally, Altium Wealth Management LLC raised its stake in shares of Intel by 32.2% in the 1st quarter. Altium Wealth Management LLC now owns 21,523 shares of the chip maker’s stock valued at $1,121,000 after acquiring an additional 5,243 shares in the last quarter. 65.37% of the stock is owned by institutional investors.
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.
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