Intel (INTC) Cut to “Hold” at Vetr

Vetr lowered shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research report report published on Thursday morning. They currently have $54.70 price target on the chip maker’s stock.

A number of other research firms have also recently commented on INTC. Macquarie reiterated a buy rating and set a $58.00 target price on shares of Intel in a research note on Thursday. ValuEngine upgraded Intel from a buy rating to a strong-buy rating in a research note on Tuesday, March 27th. Wells Fargo lifted their target price on Intel from $55.00 to $60.00 and gave the stock an outperform rating in a research note on Thursday, March 22nd. Bank of America reiterated a buy rating and set a $61.00 target price (up from $52.00) on shares of Intel in a research note on Thursday, March 8th. Finally, DZ Bank reiterated a hold rating and set a $53.00 target price on shares of Intel in a research note on Wednesday, March 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $50.87.

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NASDAQ INTC opened at $51.86 on Thursday. The firm has a market cap of $246,640.88, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Intel has a one year low of $33.23 and a one year high of $53.78. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. sell-side analysts forecast that Intel will post 3.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, May 4th. Intel’s payout ratio is 34.68%.

In other news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 2,155 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total value of $98,332.65. Following the transaction, the executive vice president now directly owns 20,933 shares of the company’s stock, valued at approximately $955,172.79. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock valued at $6,011,490 in the last three months. 0.08% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Goodman Financial Corp purchased a new stake in Intel in the fourth quarter worth approximately $102,000. Virtue Capital Management LLC purchased a new stake in Intel in the fourth quarter worth approximately $109,000. Financial Engines Advisors L.L.C. purchased a new stake in Intel in the third quarter worth approximately $119,000. Acrospire Investment Management LLC boosted its stake in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares in the last quarter. Finally, Delphi Private Advisors LLC boosted its stake in Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after buying an additional 2,157 shares in the last quarter. 69.16% of the stock is 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).

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

Analyst Recommendations for Intel (NASDAQ:INTC)

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