Intel (NASDAQ:INTC) Rating Lowered to Buy at StockNews.com

Intel (NASDAQ:INTCGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of Intel in a research report on Friday, February 18th. Bank of America dropped their target price on shares of Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a research report on Thursday, January 27th. Tigress Financial upped their target price on shares of Intel from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 4th. The Goldman Sachs Group set a $41.00 price target on shares of Intel in a research note on Monday, March 28th. Finally, Northland Securities raised shares of Intel from a “market perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research note on Wednesday, January 5th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.61.

Shares of INTC stock opened at $46.84 on Friday. Intel has a 12 month low of $43.63 and a 12 month high of $58.43. The stock has a market cap of $191.51 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.82 and a beta of 0.55. The company has a current ratio of 2.10, a quick ratio of 1.71 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $47.48 and a two-hundred day simple moving average of $49.71.

Intel (NASDAQ:INTCGet Rating) last announced its earnings results on Wednesday, January 26th. The chip maker reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.19. Intel had a net margin of 25.14% and a return on equity of 25.52%. The business had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $18.36 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Intel will post 3.47 earnings per share for the current year.

In other Intel news, Director Omar Ishrak purchased 11,025 shares of Intel stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of $45.11 per share, with a total value of $497,337.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger purchased 5,600 shares of Intel stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average cost of $44.27 per share, with a total value of $247,912.00. The disclosure for this purchase can be found here. Company insiders own 0.02% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ulland Investment Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at $26,000. Landmark Wealth Management LLC acquired a new position in Intel during the first quarter worth $31,000. Tower View Investment Management & Research LLC raised its position in Intel by 200.0% during the third quarter. Tower View Investment Management & Research LLC now owns 600 shares of the chip maker’s stock worth $32,000 after acquiring an additional 400 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Intel by 64.0% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock worth $34,000 after acquiring an additional 256 shares during the period. Finally, Monolith Advisors acquired a new position in Intel during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 61.73% of the company’s stock.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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