Vetr cut shares of Intel (NASDAQ:INTC) from a strong-buy rating to a buy rating in a report issued on Wednesday morning. They currently have $49.51 price target on the chip maker’s stock.

Other equities analysts have also issued reports about the company. Mizuho reaffirmed a buy rating and issued a $45.00 price objective (up from $42.00) on shares of Intel in a research note on Monday, October 9th. Bank of America raised Intel from a neutral rating to a buy rating and set a $49.00 price objective on the stock in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a buy rating and issued a $43.00 price objective on shares of Intel in a research note on Friday, October 27th. Stifel Nicolaus lifted their price objective on Intel from $41.00 to $46.00 and gave the stock a buy rating in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Intel from a hold rating to a buy rating and set a $42.00 price objective on the stock in a research note on Friday, September 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $44.77.

Intel (NASDAQ:INTC) opened at $44.82 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $209,757.59, a P/E ratio of 15.67, a P/E/G ratio of 1.62 and a beta of 1.06. Intel has a 12 month low of $33.23 and a 12 month high of $47.64.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. analysts predict that Intel will post 3.25 EPS for the current year.

In other news, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was 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. Insiders have sold 1,487,054 shares of company stock worth $65,800,132 over the last ninety days. 0.08% of the stock is owned by insiders.

Several large investors have recently modified their holdings of INTC. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter worth $119,000. Acrospire Investment Management LLC grew 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 buying an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares in the last quarter. Winfield Associates Inc. grew its holdings in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in Intel during the third quarter worth $158,000. 67.56% of the stock is currently owned by institutional investors.

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Intel 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.

Analyst Recommendations for Intel (NASDAQ:INTC)

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