Intel (NASDAQ:INTC) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $47.77 price target on the chip maker’s stock. Vetr‘s target price would indicate a potential upside of 3.71% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research note on Wednesday, January 10th. SunTrust Banks reissued a “hold” rating and set a $43.00 target price (up from $39.00) on shares of Intel in a research note on Friday, October 27th. Wells Fargo & Co reissued an “outperform” rating and set a $50.00 target price (up from $45.00) on shares of Intel in a research note on Friday, October 27th. Royal Bank of Canada set a $44.00 target price on Intel and gave the company a “neutral” rating in a research note on Thursday, January 4th. Finally, B. Riley reissued a “buy” rating and set a $53.00 target price on shares of Intel in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.72.

Intel (NASDAQ:INTC) traded up $0.31 on Tuesday, hitting $46.06. The stock had a trading volume of 21,892,503 shares, compared to its average volume of 35,260,000. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel has a 52-week low of $33.23 and a 52-week high of $47.64. The stock has a market capitalization of $215,560.00, a PE ratio of 16.16, a PEG ratio of 1.62 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. analysts forecast that Intel will post 3.25 earnings per share for the current fiscal year.

In other Intel news, EVP Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.06, for a total value of $87,006.14. Following the sale, the executive vice president now directly owns 114,091 shares of the company’s stock, valued at $4,684,576.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction 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 sold 1,485,415 shares of company stock worth $65,733,081 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the company. Papp L Roy & Associates lifted its holdings in shares of Intel by 1.2% during the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares in the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Intel during the second quarter valued at $555,000. United Bank lifted its holdings in shares of Intel by 108.0% during the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Intel by 182.1% during the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in shares of Intel by 15.6% during the second quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after purchasing an additional 16,340 shares in the last quarter. 67.48% of the stock is currently owned by hedge funds and other 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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