Intel Corp. (NASDAQ:INTC) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday. They currently have a $39.32 price objective on the chip maker’s stock. Vetr‘s target price suggests a potential upside of 10.82% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Intel Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Susquehanna reissued a “positive” rating and set a $45.00 price target (up previously from $42.00) on shares of Intel Corp. in a research report on Thursday, November 10th. Pacific Crest reissued a “buy” rating and set a $41.00 price target on shares of Intel Corp. in a research report on Wednesday, November 9th. Nomura reissued a “buy” rating and set a $40.00 price target on shares of Intel Corp. in a research report on Tuesday, November 1st. Finally, Sanford C. Bernstein set a $33.00 price objective on Intel Corp. and gave the stock a “neutral” rating in a research note on Monday, October 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.70.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Intel Corp. (NASDAQ:INTC) traded up 1.43% during midday trading on Tuesday, reaching $35.48. The company had a trading volume of 22,327,447 shares. The company has a market capitalization of $168.14 billion, a P/E ratio of 16.65 and a beta of 1.07. The firm has a 50-day moving average of $35.67 and a 200 day moving average of $34.37. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The business had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corp. will post $2.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 49.06%.

In other Intel Corp. news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $34.92, for a total value of $488,775.24. Following the transaction, the executive vice president now directly owns 817 shares of the company’s stock, valued at $28,529.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the completion of the transaction, the vice president now directly owns 92,826 shares in the company, valued at $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Efficient Advisors LLC bought a new position in Intel Corp. during the third quarter valued at approximately $276,000. HighPoint Advisor Group LLC raised its position in Intel Corp. by 1.5% in the third quarter. HighPoint Advisor Group LLC now owns 36,790 shares of the chip maker’s stock valued at $1,288,000 after buying an additional 556 shares during the period. ETRADE Capital Management LLC raised its position in Intel Corp. by 5.7% in the third quarter. ETRADE Capital Management LLC now owns 77,512 shares of the chip maker’s stock valued at $2,926,000 after buying an additional 4,213 shares during the period. Edmond DE Rothschild Monaco acquired a new stake in shares of Intel Corp. during the third quarter valued at $113,000. Finally, D.A. Davidson & CO. increased its stake in shares of Intel Corp. by 33.8% in the third quarter. D.A. Davidson & CO. now owns 723,780 shares of the chip maker’s stock valued at $27,318,000 after buying an additional 182,910 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2016/11/23/intel-corp-intc-downgraded-by-vetr-inc.html.

Intel Corp. Company Profile

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

Receive News & Stock Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related stocks with our FREE daily email newsletter.