Intel (INTC) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Intel (NASDAQ:INTC) from a strong sell rating to a sell rating in a report released on Friday morning.

Several other analysts also recently commented on the stock. Morgan Stanley decreased their price objective on shares of Intel from $56.00 to $50.00 and set a weight rating on the stock in a research report on Wednesday, September 19th. BNP Paribas set a $54.00 price objective on shares of Intel and gave the company a neutral rating in a research report on Friday, September 14th. Northland Securities upgraded shares of Intel from an under perform rating to a market perform rating in a research report on Thursday, September 13th. Macquarie restated a buy rating and set a $60.00 price objective on shares of Intel in a research report on Monday, September 10th. Finally, Wells Fargo & Co decreased their price objective on shares of Intel from $58.00 to $55.00 and set a buy rating on the stock in a research report on Monday, September 10th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $55.40.

Shares of INTC stock opened at $46.91 on Friday. The firm has a market cap of $218.29 billion, a PE ratio of 13.56, a PEG ratio of 1.33 and a beta of 0.97. Intel has a one year low of $36.85 and a one year high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The firm had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. equities analysts forecast that Intel will post 4.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. Intel’s payout ratio is currently 34.68%.

In other Intel news, CEO Robert Holmes Swan acquired 5,243 shares of the company’s stock in a transaction on Monday, July 30th. The stock was acquired at an average cost of $47.69 per share, with a total value of $250,038.67. Following the purchase, the chief executive officer now directly owns 71,672 shares of the company’s stock, valued at approximately $3,418,037.68. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 1,251 shares of Intel stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. Insiders sold a total of 4,077 shares of company stock valued at $205,757 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Elmwood Wealth Management Inc. purchased a new position in shares of Intel during the 1st quarter worth about $110,000. Quad Cities Investment Group LLC purchased a new position in shares of Intel during the 2nd quarter worth about $107,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel during the 1st quarter worth about $120,000. Virtue Capital Management LLC purchased a new position in shares of Intel during the 4th quarter worth about $109,000. Finally, WP Advisors LLC purchased a new position in shares of Intel during the 2nd quarter worth about $137,000. 65.33% of the stock is owned by hedge funds and other institutional investors.

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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