Vetr downgraded shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research report report published on Wednesday morning. Vetr currently has $54.70 target price on the chip maker’s stock.
A number of other brokerages also recently weighed in on INTC. Macquarie reaffirmed a buy rating and issued a $58.00 target price on shares of Intel in a report on Thursday, April 12th. ValuEngine raised Intel from a buy rating to a strong-buy rating in a report on Tuesday, March 27th. Wells Fargo raised their target price on Intel from $55.00 to $60.00 and gave the company an outperform rating in a report on Thursday, March 22nd. Bank of America reaffirmed a buy rating and issued a $61.00 target price (up previously from $52.00) on shares of Intel in a report on Thursday, March 8th. Finally, DZ Bank reissued a hold rating and set a $53.00 price objective on shares of Intel in a report on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $51.10.
Shares of INTC stock opened at $51.53 on Wednesday. The firm has a market capitalization of $244,301.72, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $54.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. analysts forecast that Intel will post 3.54 earnings per share for the current 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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In related news, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the sale, the vice president now directly owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navin Shenoy sold 716 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total value of $35,263.00. Following the completion of the sale, the executive vice president now directly owns 21,135 shares of the company’s stock, valued at $1,040,898.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,914 shares of company stock valued at $6,011,490. Corporate insiders own 0.03% of the company’s stock.
A number of institutional investors have recently modified their holdings of INTC. Beach Investment Management LLC. acquired a new position in Intel during the 2nd quarter valued at about $371,000. Cim Investment Mangement Inc. boosted its stake in Intel by 64.5% during the 2nd quarter. Cim Investment Mangement Inc. now owns 78,092 shares of the chip maker’s stock valued at $2,635,000 after purchasing an additional 30,632 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Intel by 0.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 321,592 shares of the chip maker’s stock valued at $10,851,000 after purchasing an additional 2,793 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in Intel by 1.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 53,039 shares of the chip maker’s stock valued at $1,790,000 after purchasing an additional 500 shares during the last quarter. Finally, Covington Investment Advisors Inc. boosted its stake in Intel by 1.1% during the 2nd quarter. Covington Investment Advisors Inc. now owns 99,041 shares of the chip maker’s stock valued at $3,342,000 after purchasing an additional 1,065 shares during the last quarter. 69.02% of the stock is owned by institutional investors and hedge funds.
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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 Vetr’s full report, visit Vetr’s official website.
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