Intel Corporation (INTC) Receives Underperform Rating from Raymond James Financial, Inc.
INTC has been the topic of several other research reports. Zacks Investment Research lowered shares of Intel Corporation from a hold rating to a sell rating in a research report on Wednesday, April 12th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They set a buy rating and a $41.00 price objective on the stock. Canaccord Genuity reaffirmed a hold rating on shares of Intel Corporation in a research report on Saturday, June 3rd. Morgan Stanley reaffirmed an equal weight rating and set a $38.00 price objective on shares of Intel Corporation in a research report on Friday. Finally, Sanford C. Bernstein reaffirmed an underperform rating and set a $30.00 price objective on shares of Intel Corporation in a research report on Friday. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $40.09.
Intel Corporation (NASDAQ INTC) traded down 0.61% during midday trading on Friday, hitting $34.47. 21,044,407 shares of the stock traded hands. The firm has a market cap of $162.32 billion, a P/E ratio of 14.92 and a beta of 1.00. The company has a 50-day moving average price of $35.45 and a 200-day moving average price of $36.07. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Analysts predict that Intel Corporation will post $2.86 EPS for the current year.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total value of $60,397.15. Following the completion of the transaction, the insider now owns 113,357 shares of the company’s stock, valued at $4,177,205.45. The disclosure for this sale can be found here. Insiders sold a total of 119,994 shares of company stock valued at $4,166,359 over the last quarter. 0.09% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Glenview Trust Co purchased a new position in Intel Corporation during the fourth quarter worth $21,856,000. Federated Investors Inc. PA increased its position in Intel Corporation by 3.5% in the fourth quarter. Federated Investors Inc. PA now owns 1,121,105 shares of the chip maker’s stock worth $40,662,000 after buying an additional 38,079 shares during the period. Capital Analysts LLC increased its position in Intel Corporation by 2.1% in the fourth quarter. Capital Analysts LLC now owns 30,674 shares of the chip maker’s stock worth $1,113,000 after buying an additional 619 shares during the period. CWA Asset Management Group LLC increased its position in Intel Corporation by 35.1% in the fourth quarter. CWA Asset Management Group LLC now owns 43,308 shares of the chip maker’s stock worth $1,571,000 after buying an additional 11,259 shares during the period. Finally, FIL Ltd increased its position in Intel Corporation by 53.0% in the fourth quarter. FIL Ltd now owns 2,716,180 shares of the chip maker’s stock worth $98,516,000 after buying an additional 940,782 shares during the period. Institutional investors and hedge funds own 67.35% of the company’s stock.
Intel Corporation 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).
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