Intel Corporation (NASDAQ:INTC) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They presently have a $40.26 target price on the chip maker’s stock. Vetr‘s target price would indicate a potential upside of 10.03% from the stock’s current price.
Other equities analysts have also issued reports about the stock. B. Riley restated a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a report on Friday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Saturday, April 29th. Mizuho restated a “buy” rating on shares of Intel Corporation in a report on Friday, April 28th. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 16th. Finally, Hilliard Lyons initiated coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective on the stock. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have issued a buy rating to the stock. Intel Corporation currently has a consensus rating of “Hold” and a consensus target price of $40.55.
Intel Corporation (NASDAQ INTC) opened at 36.59 on Tuesday. The stock has a market cap of $171.94 billion, a price-to-earnings ratio of 13.97 and a beta of 1.01. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The company has a 50-day moving average price of $34.64 and a 200 day moving average price of $35.74.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.
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In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in Intel Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 12,245,831 shares of the chip maker’s stock worth $444,156,000 after buying an additional 32,040 shares during the last quarter. HCR Wealth Advisors bought a new stake in Intel Corporation during the fourth quarter worth about $432,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Intel Corporation by 13.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 635,311 shares of the chip maker’s stock worth $23,126,000 after buying an additional 75,087 shares during the last quarter. Congress Asset Management Co. MA bought a new stake in Intel Corporation during the fourth quarter worth about $4,672,000. Finally, L & S Advisors Inc bought a new stake in Intel Corporation during the fourth quarter worth about $2,722,000. Hedge funds and other institutional investors own 67.50% of the company’s stock.
About Intel Corporation
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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