Intel Co. (INTC) Lowered to “Sell” at Vetr Inc.
Intel Co. (NASDAQ:INTC) was downgraded by Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday. They presently have a $35.07 target price on the chip maker’s stock. Vetr‘s price objective would indicate a potential downside of 3.07% from the stock’s previous close.
Several other equities research analysts have also recently commented on INTC. B. Riley reaffirmed a “buy” rating and set a $44.00 price objective on shares of Intel in a research report on Monday, April 3rd. Citigroup Inc reaffirmed a “hold” rating on shares of Intel in a research report on Saturday, February 11th. Zacks Investment Research cut Intel from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Pacific Crest reaffirmed an “overweight” rating and set a $43.00 price objective on shares of Intel in a research report on Friday, February 10th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Intel in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.22.
Intel (NASDAQ:INTC) traded up 0.75% during mid-day trading on Thursday, reaching $36.18. 22,968,262 shares of the company traded hands. The stock has a market capitalization of $171.06 billion, a price-to-earnings ratio of 17.07 and a beta of 1.03. The company’s 50-day moving average is $35.64 and its 200-day moving average is $35.99. Intel has a 12-month low of $29.50 and a 12-month high of $38.45.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Intel had a return on equity of 20.95% and a net margin of 17.37%. The company had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. During the same period last year, the firm posted $0.74 earnings per share. Intel’s revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Intel will post $2.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a positive change from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a yield of 3.01%. Intel’s payout ratio is 49.29%.
In other Intel news, EVP Stacy J. Smith sold 29,497 shares of Intel stock in a transaction on Friday, January 20th. The stock was sold at an average price of $36.76, for a total transaction of $1,084,309.72. Following the completion of the sale, the executive vice president now directly owns 244,734 shares of the company’s stock, valued at approximately $8,996,421.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diane M. Bryant sold 2,766 shares of Intel stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $37.59, for a total value of $103,973.94. Following the sale, the executive vice president now directly owns 106,566 shares of the company’s stock, valued at $4,005,815.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,972 shares of company stock valued at $7,014,041. 0.09% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edmond DE Rothschild Monaco bought a new position in Intel during the third quarter valued at approximately $113,000. Jacobus Wealth Management Inc. bought a new position in Intel during the third quarter valued at approximately $119,000. Roble Belko & Company Inc raised its position in Intel by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock valued at $126,000 after buying an additional 200 shares during the last quarter. Fusion Family Wealth LLC bought a new position in Intel during the fourth quarter valued at approximately $133,000. Finally, Orrstown Financial Services Inc. raised its position in Intel by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. 65.90% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Intel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.