Intel (INTC) Upgraded by Vetr to “Strong-Buy”
Vetr upgraded shares of Intel (NASDAQ:INTC) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday. They currently have $49.90 price objective on the chip maker’s stock.
Other equities analysts have also recently issued reports about the company. Wells Fargo & Co reiterated an outperform rating and issued a $50.00 price objective (up from $45.00) on shares of Intel in a report on Friday, October 27th. SunTrust Banks reiterated a hold rating and issued a $43.00 price objective (up from $39.00) on shares of Intel in a report on Friday, October 27th. Royal Bank of Canada set a $44.00 price objective on Intel and gave the stock a neutral rating in a report on Thursday. B. Riley reiterated a buy rating and issued a $53.00 price objective on shares of Intel in a report on Thursday. Finally, BMO Capital Markets upped their price objective on Intel from $34.00 to $37.00 and gave the stock a market perform rating in a report on Friday, October 27th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $44.78.
Intel (NASDAQ:INTC) remained flat at $$44.74 during trading on Thursday. The stock had a trading volume of 33,722,883 shares, compared to its average volume of 31,870,000. Intel has a twelve month low of $33.23 and a twelve month high of $47.64. 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 firm has a market capitalization of $209,380.00, a PE ratio of 15.70, a PEG ratio of 1.62 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts anticipate that Intel will post 3.25 EPS for the current fiscal year.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were 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 a total of 1,487,054 shares of company stock valued at $65,800,132 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Vanguard Group Inc. grew its holdings in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Capital World Investors grew its holdings in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors grew its holdings in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after acquiring an additional 397,082 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after acquiring an additional 502,225 shares during the period. 67.54% of the stock is owned by institutional investors and hedge funds.
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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.
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