Vetr Lowers Intel (INTC) to Hold

Vetr cut shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research report sent to investors on Wednesday. They currently have $54.70 price target on the chip maker’s stock.

A number of other equities research analysts also recently commented on INTC. Mizuho reiterated a buy rating and issued a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. BidaskClub downgraded Intel from a strong-buy rating to a buy rating in a report on Wednesday, December 27th. Sanford C. Bernstein set a $34.00 price objective on Intel and gave the company a sell rating in a report on Wednesday, January 3rd. JPMorgan Chase set a $53.00 price objective on Intel and gave the company a buy rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada set a $44.00 price objective on Intel and gave the company a neutral rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Intel has an average rating of Buy and a consensus target price of $51.10.

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NASDAQ INTC opened at $51.53 on Wednesday. The stock has a market capitalization of $244,301.72, a P/E ratio of 14.89, a P/E/G ratio of 1.75 and a beta of 0.95. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Intel has a 12 month low of $33.23 and a 12 month high of $54.35.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. equities research analysts predict that Intel will post 3.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.33%. Intel’s dividend payout ratio (DPR) is presently 34.68%.

In related news, EVP Navin Shenoy sold 2,155 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the completion of the transaction, the executive vice president now directly owns 20,933 shares of the company’s stock, valued at $955,172.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $68,474.88. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock valued at $6,011,490 over the last three months. Insiders own 0.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Green Square Capital LLC raised its stake in Intel by 19.5% in the fourth quarter. Green Square Capital LLC now owns 201,313 shares of the chip maker’s stock valued at $9,293,000 after buying an additional 32,884 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Intel by 12.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 517,028 shares of the chip maker’s stock valued at $23,866,000 after buying an additional 56,477 shares during the period. Certified Advisory Corp bought a new stake in Intel in the fourth quarter valued at approximately $310,000. Wagner Wealth Management LLC bought a new stake in Intel in the fourth quarter valued at approximately $337,000. Finally, D.B. Root & Company LLC bought a new stake in Intel in the fourth quarter valued at approximately $1,064,000. 69.02% of the stock is owned by hedge funds and other institutional investors.

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About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

To view Vetr’s full report, visit Vetr’s official website.

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