Intel (NASDAQ:INTC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities analysts have also recently commented on INTC. Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine raised shares of Intel from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective for the company. in a report on Tuesday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $40.00 price objective (up previously from $37.00) on shares of Intel in a report on Friday, October 6th. Finally, Mizuho reiterated a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Intel in a report on Monday, October 9th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and a consensus target price of $44.78.

Intel (NASDAQ INTC) opened at $43.24 on Friday. Intel has a 52 week low of $33.23 and a 52 week high of $47.64. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The company has a market cap of $202,220.00, a PE ratio of 15.17, a P/E/G ratio of 1.62 and a beta of 1.06.

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

In other Intel news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the transaction, the chairman now directly owns 428,789 shares in the company, valued at $19,209,747.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,487,054 shares of company stock valued at $65,800,132. Company insiders own 0.08% of the company’s stock.

A number of large investors have recently bought and sold shares of INTC. Janus Henderson Group PLC raised its position in Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after acquiring an additional 20,050,088 shares during the period. Capital Research Global Investors raised its position in shares of Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares during the last quarter. Capital World Investors raised its position in shares of Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares during the last quarter. Capital International Investors acquired a new stake in shares of Intel in the third quarter valued at about $339,563,000. Finally, Vanguard Group Inc. raised its position in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.

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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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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