Trade Report: Today, Intel Corp. (INTC) Stock Rating Upgrade by Vetr Inc.

Today, Intel Corp. (INTC) Stock Rating Upgrade by Vetr Inc.

Intel Corp. (NASDAQ:INTC) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday. The brokerage presently has a $39.45 price target on the chip maker’s stock. Vetr‘s target price suggests a potential upside of 12.07% from the stock’s previous close.

INTC has been the subject of a number of other reports. Pacific Crest reiterated a “buy” rating and issued a $44.00 target price on shares of Intel Corp. in a research note on Thursday, October 6th. KeyCorp lifted their target price on shares of Intel Corp. from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 3rd. BlueFin Research reiterated a “buy” rating on shares of Intel Corp. in a research note on Monday, October 3rd. Citigroup Inc. reduced their target price on shares of Intel Corp. from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, October 19th. Finally, Goldman Sachs Group Inc. set a $36.00 target price on shares of Intel Corp. and gave the company a “neutral” rating in a research note on Wednesday, October 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.71.

Shares of Intel Corp. (NASDAQ:INTC) remained flat at $35.20 on Thursday. The company’s stock had a trading volume of 15,843,618 shares. The firm’s 50 day moving average price is $35.60 and its 200-day moving average price is $34.37. The firm has a market capitalization of $166.81 billion, a price-to-earnings ratio of 16.52 and a beta of 1.07. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The business earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Equities analysts expect that Intel Corp. will post $2.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. Intel Corp.’s dividend payout ratio is 49.06%.

In other news, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the sale, the vice president now owns 92,826 shares in the company, valued at $3,388,149. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Several large investors have recently added to or reduced their stakes in INTC. Hancock Holding Co. increased its stake in Intel Corp. by 5.2% in the first quarter. Hancock Holding Co. now owns 467,441 shares of the chip maker’s stock valued at $15,122,000 after buying an additional 23,314 shares in the last quarter. Ensemble Capital Management LLC increased its stake in shares of Intel Corp. by 5.8% in the first quarter. Ensemble Capital Management LLC now owns 485,400 shares of the chip maker’s stock valued at $15,703,000 after buying an additional 26,650 shares during the period. Reynolds Capital Management LLC increased its stake in shares of Intel Corp. by 6.7% in the first quarter. Reynolds Capital Management LLC now owns 6,400 shares of the chip maker’s stock valued at $207,000 after buying an additional 400 shares during the period. Thomaspartners Inc. increased its stake in shares of Intel Corp. by 2.2% in the first quarter. Thomaspartners Inc. now owns 4,250,265 shares of the chip maker’s stock valued at $137,496,000 after buying an additional 91,275 shares during the period. Finally, Peregrine Asset Advisers Inc. increased its stake in shares of Intel Corp. by 7.0% in the first quarter. Peregrine Asset Advisers Inc. now owns 15,250 shares of the chip maker’s stock valued at $493,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.58% of the company’s stock.

About Intel Corp.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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