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

INTC has been the topic of a number of other reports. Macquarie set a $60.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Monday, October 29th. ValuEngine downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Morningstar set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Monday, October 1st. Roth Capital cut their price target on shares of Intel from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Robert W. Baird restated a “buy” rating and set a $64.00 price target on shares of Intel in a report on Tuesday, October 30th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $55.17.

INTC traded up $0.37 during trading on Thursday, reaching $48.93. The company’s stock had a trading volume of 21,599,317 shares, compared to its average volume of 25,416,422. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. Intel has a 1 year low of $42.04 and a 1 year high of $57.60. The firm has a market capitalization of $224.61 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The business had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. On average, equities analysts anticipate that Intel will post 4.53 earnings per share for the current fiscal year.

Intel announced that its board has authorized a stock buyback plan on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the chip maker to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

In related news, CEO Robert Holmes Swan bought 5,117 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was purchased at an average price of $48.30 per share, for a total transaction of $247,151.10. Following the acquisition, the chief executive officer now owns 131,839 shares of the company’s stock, valued at $6,367,823.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 8,552 shares of Intel stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $47.93, for a total transaction of $409,897.36. Following the completion of the sale, the executive vice president now owns 66,871 shares of the company’s stock, valued at approximately $3,205,127.03. The disclosure for this sale can be found here. Insiders sold a total of 21,809 shares of company stock valued at $1,033,992 in the last quarter. 0.03% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC grew its stake in shares of Intel by 86.7% in the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after acquiring an additional 580 shares in the last quarter. Quad Cities Investment Group LLC acquired a new position in shares of Intel in the second quarter worth $107,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Intel by 375.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after acquiring an additional 2,000 shares in the last quarter. Ironwood Financial llc grew its stake in shares of Intel by 429.0% in the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after acquiring an additional 2,145 shares in the last quarter. Finally, Highwater Wealth Management LLC purchased a new stake in shares of Intel during the 4th quarter worth $125,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Intel Company Profile

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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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