Intel (NASDAQ:INTC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other research analysts have also recently issued reports on the company. KeyCorp reiterated an “overweight” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Intel in a research report on Thursday, July 5th. Robert W. Baird set a $64.00 price objective on Intel and gave the stock a “buy” rating in a research report on Thursday, July 12th. Royal Bank of Canada reiterated a “neutral” rating and issued a $60.00 price objective on shares of Intel in a research report on Monday, July 16th. Stifel Nicolaus reiterated a “neutral” rating and issued a $60.00 price objective on shares of Intel in a research report on Monday, July 16th. Finally, Citigroup cut Intel from a “buy” rating to a “neutral” rating and set a $64.00 price objective for the company. in a research report on Friday, July 27th. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.33.
Intel stock opened at $47.85 on Wednesday. Intel has a 12 month low of $42.04 and a 12 month high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. The company has a market cap of $223.44 billion, a PE ratio of 13.83, a P/E/G ratio of 1.25 and a beta of 0.97.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The business had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. As a group, sell-side analysts anticipate that Intel will post 4.53 EPS for the current fiscal year.
In related news, VP Kevin Thomas Mcbride sold 6,500 shares of the stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the sale, the vice president now owns 14,271 shares of the company’s stock, valued at $649,758.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the sale, the executive vice president now directly owns 30,324 shares in the company, valued at approximately $1,384,593.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,747 shares of company stock worth $398,552. Corporate insiders own 0.03% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quad Cities Investment Group LLC acquired a new stake in Intel in the 2nd quarter worth about $107,000. Elmwood Wealth Management Inc. acquired a new stake in Intel in the 1st quarter worth about $110,000. Financial Gravity Wealth Inc. acquired a new stake in Intel in the 1st quarter worth about $120,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after buying an additional 2,000 shares during the last quarter. Finally, Ironwood Financial llc boosted its stake in Intel by 429.0% in the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after buying an additional 2,145 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More: Fundamental Analysis and Individual Investors
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.