Intel (INTC) Cut to Buy at Vetr

Intel (NASDAQ:INTC) was downgraded by equities research 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 $50.05 price target on the chip maker’s stock. Vetr‘s target price suggests a potential upside of 10.29% from the company’s current price.

Other analysts also recently issued reports about the company. Roth Capital raised their target price on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and set a $50.00 target price on shares of Intel in a research note on Friday, October 27th. Loop Capital restated a “buy” rating and set a $49.00 target price (up from $45.00) on shares of Intel in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $45.00 target price on shares of Intel in a research note on Friday, October 27th. Finally, B. Riley restated a “buy” rating and set a $53.00 target price on shares of Intel in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $49.33.

Shares of Intel (INTC) opened at $45.38 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The firm has a market capitalization of $212,380.00, a PE ratio of 22.92, a PEG ratio of 1.52 and a beta of 1.07. Intel has a 52 week low of $33.23 and a 52 week high of $50.85.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. sell-side analysts predict that Intel will post 3.51 EPS for the current fiscal year.

In other news, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 932,755 shares of company stock worth $41,387,752. Corporate insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goodman Financial Corp bought a new stake in Intel during the fourth quarter worth approximately $102,000. Virtue Capital Management LLC bought a new stake in Intel during the fourth quarter worth approximately $109,000. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter worth approximately $119,000. Acrospire Investment Management LLC raised its holdings in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Delphi Private Advisors LLC raised its holdings in Intel by 286.1% during the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after purchasing an additional 2,157 shares in the last quarter. 67.48% of the stock is currently 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.

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