Vetr Inc. Downgrades Intel Corporation (INTC) to Buy

Vetr cut shares of Intel Corporation (NASDAQ:INTC) from a strong-buy rating to a buy rating in a research report released on Monday, May 22nd. They currently have $39.43 price target on the chip maker’s stock.

A number of other research firms also recently issued reports on INTC. Sanford C. Bernstein set a $36.00 target price on shares of Intel Corporation and gave the stock a hold rating in a research report on Saturday, January 28th. BNP Paribas set a $39.00 price target on shares of Intel Corporation and gave the stock a hold rating in a research note on Saturday, January 28th. Raymond James Financial, Inc. restated an underperform rating on shares of Intel Corporation in a research note on Monday, January 30th. SunTrust Banks, Inc. restated a hold rating on shares of Intel Corporation in a research note on Monday, January 30th. Finally, Susquehanna Bancshares Inc restated a positive rating on shares of Intel Corporation in a research note on Monday, January 30th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $40.42.

Shares of Intel Corporation (NASDAQ:INTC) traded down 0.28% during mid-day trading on Monday, hitting $35.21. 30,762,781 shares of the stock traded hands. The stock has a 50-day moving average of $36.03 and a 200-day moving average of $36.11. The company has a market cap of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. Intel Corporation has a 52 week low of $30.44 and a 52 week high of $38.45. Intel Corporation also saw unusually large options trading activity on Thursday. Stock traders purchased 5,251 put options on the company. This represents an increase of approximately 193% compared to the typical volume of 1,795 put options.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post $2.86 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Sunday, May 7th were given a $0.2725 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $1.09 annualized dividend and a yield of 3.10%. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. Intel Corporation’s dividend payout ratio (DPR) is presently 47.39%.

In other Intel Corporation news, insider Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the transaction, the insider now directly owns 318,654 shares in the company, valued at approximately $11,560,767.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,997 shares of Intel Corporation stock in a transaction on Monday, May 1st. The stock was sold at an average price of $36.11, for a total value of $505,431.67. Following the sale, the insider now owns 1,536 shares in the company, valued at $55,464.96. The disclosure for this sale can be found here. In the last three months, insiders sold 47,821 shares of company stock valued at $1,734,851. 0.09% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. boosted its stake in shares of Intel Corporation by 2.2% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,896 shares of the chip maker’s stock worth $104,000 after buying an additional 61 shares in the last quarter. Edmond DE Rothschild Monaco purchased a new stake in shares of Intel Corporation during the third quarter worth about $113,000. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation during the first quarter worth about $113,000. Jacobus Wealth Management Inc. purchased a new stake in shares of Intel Corporation during the third quarter worth about $119,000. Finally, America First Investment Advisors LLC boosted its stake in shares of Intel Corporation by 3.7% in the first quarter. America First Investment Advisors LLC now owns 3,592 shares of the chip maker’s stock worth $130,000 after buying an additional 128 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

Intel Corporation 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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