Intel Corporation (INTC) Upgraded by BidaskClub to Hold
Intel Corporation (NASDAQ:INTC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
Several other analysts also recently weighed in on INTC. Vetr downgraded shares of Intel Corporation from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research report on Monday, April 3rd. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a research report on Monday, April 3rd. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 price objective on shares of Intel Corporation in a research report on Thursday, April 6th. Wells Fargo & Company reiterated an “outperform” rating and issued a $45.00 price objective on shares of Intel Corporation in a research report on Thursday, April 6th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $38.00 price objective on shares of Intel Corporation in a research report on Thursday, April 6th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have issued a buy rating to the stock. Intel Corporation has a consensus rating of “Hold” and a consensus price target of $40.56.
Intel Corporation (INTC) traded up 0.17% on Tuesday, reaching $36.43. 21,907,052 shares of the company traded hands. The company has a 50-day moving average price of $34.56 and a 200-day moving average price of $35.72. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The company has a market capitalization of $171.18 billion, a P/E ratio of 13.90 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Equities research analysts expect that Intel Corporation will post $2.86 EPS for the current year.
In other news, CFO Robert Holmes Swan bought 13,888 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were acquired at an average cost of $36.31 per share, with a total value of $504,273.28. Following the completion of the transaction, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the transaction, the executive vice president now directly owns 114,542 shares in the company, valued at $3,968,880.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,497 shares of company stock worth $3,078,329. 0.09% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sigma Planning Corp increased its position in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares during the period. RB Capital Management LLC purchased a new position in Intel Corporation during the fourth quarter valued at $858,000. Ellington Management Group LLC purchased a new position in Intel Corporation during the fourth quarter valued at $203,000. Assenagon Asset Management S.A. purchased a new position in Intel Corporation during the fourth quarter valued at $544,000. Finally, Wsfs Capital Management LLC purchased a new position in Intel Corporation during the fourth quarter valued at $280,000. 67.41% of the stock is currently owned by institutional investors and hedge funds.
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).
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