Intel (NASDAQ:INTC) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Vertical Group assumed coverage on Intel in a report on Tuesday, March 24th. They issued a “buy” rating for the company. Mizuho reiterated a “buy” rating and set a $67.00 price target (down previously from $71.00) on shares of Intel in a research report on Thursday, April 23rd. They noted that the move was a valuation call. Exane BNP Paribas upgraded Intel from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Tuesday, March 24th. BMO Capital Markets reduced their price target on Intel from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, April 24th. Finally, Credit Suisse Group began coverage on Intel in a research report on Friday, April 24th. They set a “buy” rating and a $75.00 price target for the company. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $65.44.

Intel stock opened at $59.13 on Thursday. The stock has a market cap of $250.36 billion, a PE ratio of 11.46, a P/E/G ratio of 1.64 and a beta of 0.78. The stock has a 50-day moving average price of $60.82 and a 200 day moving average price of $59.50. Intel has a 52 week low of $43.63 and a 52 week high of $69.29. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. The firm had revenue of $19.83 billion during the quarter, compared to analysts’ expectations of $18.65 billion. Intel had a return on equity of 31.64% and a net margin of 30.02%. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. On average, equities analysts predict that Intel will post 4.81 EPS for the current year.

In related news, insider Venkata S. M. Renduchintala sold 46,544 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.67, for a total transaction of $2,823,824.48. Following the transaction, the insider now directly owns 126,240 shares of the company’s stock, valued at $7,658,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 38,220 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $60.00, for a total value of $2,293,200.00. Following the transaction, the executive vice president now directly owns 89,013 shares in the company, valued at $5,340,780. The disclosure for this sale can be found here. Insiders have sold 94,630 shares of company stock worth $5,704,459 over the last ninety days. 0.04% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of INTC. Modus Advisors LLC bought a new position in Intel in the 2nd quarter valued at $25,000. Lion Street Advisors LLC purchased a new position in Intel during the 1st quarter valued at about $29,000. Sailer Financial LLC purchased a new position in Intel during the 4th quarter valued at about $43,000. Lloyd Advisory Services LLC. purchased a new position in Intel during the 4th quarter valued at about $50,000. Finally, Stephenson National Bank & Trust purchased a new position in Intel during the 4th quarter valued at about $59,000. 65.04% of the stock is currently owned by hedge funds and other institutional investors.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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