Intel (INTC) Cut to “Hold” at BidaskClub

BidaskClub downgraded shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research report released on Saturday.

A number of other research analysts also recently commented on INTC. Vetr upgraded shares of Intel from a buy rating to a strong-buy rating and set a $49.90 price objective on the stock in a research note on Wednesday, January 10th. Argus reiterated a buy rating and set a $50.00 price objective on shares of Intel in a research note on Friday, January 5th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the company a buy rating in a research note on Thursday, January 4th. B. Riley reiterated a buy rating and set a $53.00 price objective on shares of Intel in a research note on Thursday, January 4th. Finally, Mizuho reiterated a buy rating and set a $45.00 price objective (up from $42.00) on shares of Intel in a research note on Monday, October 9th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $44.78.

Intel (INTC) opened at $43.14 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 $201,900.00, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.56 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 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. equities research analysts predict that Intel will post 3.25 earnings per share for the current fiscal year.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,487,054 shares of company stock worth $65,800,132. Corporate insiders own 0.08% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in INTC. Vanguard Group Inc. increased its stake in Intel by 2.5% during the 2nd 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 period. Capital World Investors increased its stake in Intel by 5.5% during the 2nd 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 period. Capital Research Global Investors increased its stake in Intel by 9.1% during the 2nd 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 period. Dimensional Fund Advisors LP increased its stake in Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after buying an additional 397,082 shares during the period. Finally, Legal & General Group Plc increased its stake in Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after buying an additional 502,225 shares during the period. 67.56% of the stock is currently owned by institutional investors and hedge funds.

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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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