Intel (NASDAQ:INTC) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage currently has a $54.41 price objective on the chip maker’s stock. Vetr‘s price objective suggests a potential upside of 5.08% from the company’s previous close.
INTC has been the topic of a number of other research reports. Morningstar set a $41.00 target price on shares of Intel and gave the company a “neutral” rating in a research note on Friday, January 26th. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. KeyCorp lifted their price target on shares of Intel from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. ValuEngine downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.04.
Intel (NASDAQ:INTC) opened at $51.78 on Monday. Intel has a one year low of $33.23 and a one year high of $53.78. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a market cap of $241,710.00, a price-to-earnings ratio of 16.54, a PEG ratio of 1.77 and a beta of 1.01.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. sell-side analysts forecast that Intel will post 3.51 earnings per share for the current year.
In other news, CEO Brian M. Krzanich sold 74,456 shares of Intel stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $3,623,773.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The disclosure for this sale can be found here. Insiders sold a total of 123,914 shares of company stock valued at $6,011,490 over the last ninety days. Company insiders own 0.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of INTC. Janus Henderson Group PLC raised its position in shares of Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors raised its position in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors raised its position in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital International Investors bought a new stake in shares of Intel during the 3rd quarter worth about $339,563,000. Finally, Vanguard Group Inc. raised its position in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. 69.22% of the stock is owned by hedge funds and other institutional investors.
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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).
To view Vetr’s full report, visit Vetr’s official website.
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