Intel (INTC) – Research Analysts’ Weekly Ratings Updates

Intel (NASDAQ: INTC) recently received a number of ratings updates from brokerages and research firms:

• 4/12/2017 – Intel was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Intel ended 2016 on an impressive note. However, full-year 2017 guidance disappointed us. Although the company increased its capital expenditure spending target, revenues are expected to remain flat which will weigh on profitability. Moreover, increasing ARM-based competition is a concern. Neverthless, continuing investments on expanding data center footprint is positive. Further, growing clout in the Internet of Things (IoT) and autonomous driving market are key catalysts. The recently announced Mobileye acquisition will provide competitive edge in the autonmous driving technology market. Additionally, the company’s decision to invest $100 million in retail technology augurs well in the long run. Notably, the company has underperformed the broader market in the last one-year.”
• 4/11/2017 – Intel was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $35.49 price target on the stock.
• 4/11/2017 – Intel had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $42.00 price target on the stock.
• 4/10/2017 – Intel was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $37.50 price target on the stock.
• 4/6/2017 – Intel had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $35.00 price target on the stock.
• 4/6/2017 – Intel had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $45.00 price target on the stock.
• 4/6/2017 – Intel had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $38.00 price target on the stock.
• 4/3/2017 – Intel had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
• 4/3/2017 – Intel was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $37.50 price target on the stock.
• 3/30/2017 – Intel had its “sell” rating reaffirmed by analysts at Rosenblatt Securities.
• 3/30/2017 – Intel had its “buy” rating reaffirmed by analysts at Instinet. They now have a $40.00 price target on the stock.
• 3/30/2017 – Intel had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $30.00 price target on the stock.
• 3/30/2017 – Intel is now covered by analysts at Macquarie. They set an “outperform” rating and a $40.00 price target on the stock.
• 3/29/2017 – Intel had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
• 3/29/2017 – Intel had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $43.00 price target on the stock.
• 3/28/2017 – Intel had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc.
• 3/28/2017 – Intel had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $42.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
• 3/23/2017 – Intel had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
• 3/16/2017 – Intel had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $38.00 price target on the stock.
• 3/15/2017 – Intel had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $45.00 price target on the stock.
• 3/15/2017 – Intel had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $42.00 price target on the stock.
• 3/15/2017 – Intel was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating. They now have a $35.00 price target on the stock, down previously from $45.00.
• 3/15/2017 – Intel had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc.
• 3/14/2017 – Intel had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
• 3/14/2017 – Intel had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $42.00 price target on the stock.
• 3/14/2017 – Intel was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $30.00 price target on the stock.
• 3/13/2017 – Intel had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $37.00 price target on the stock.
• 3/13/2017 – Intel was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating.
• 2/28/2017 – Intel was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $30.00 price target on the stock, down previously from $36.00.
• 2/27/2017 – Intel had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $45.00 price target on the stock.
• 2/23/2017 – Intel had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $42.00 price target on the stock.
• 2/22/2017 – Intel is now covered by analysts at MKM Partners. They set a “buy” rating and a $42.00 price target on the stock.
• 2/22/2017 – Intel is now covered by analysts at Rosenblatt Securities. They set a “sell” rating on the stock.
• 2/16/2017 – Intel had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $43.00 price target on the stock.
• 2/16/2017 – Intel had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $38.00 price target on the stock.
• 2/14/2017 – Intel had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $42.00 price target on the stock.
• 2/13/2017 – Intel was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $39.62 price target on the stock.
• 2/12/2017 – Intel had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
• 2/11/2017 – Intel had its “hold” rating reaffirmed by analysts at Citigroup Inc.

Shares of Intel Co. (NASDAQ:INTC) traded down 0.28% during mid-day trading on Wednesday, hitting $35.64. 1,520,665 shares of the company were exchanged. The company has a market capitalization of $168.51 billion, a price-to-earnings ratio of 16.81 and a beta of 1.03. Intel Co. has a 12-month low of $29.50 and a 12-month high of $38.45. The firm has a 50 day moving average of $35.76 and a 200 day moving average of $36.04. Intel also was the recipient of unusually large options trading on Tuesday. Stock investors bought 3,893 call options on the stock. This is an increase of approximately 109% compared to the typical volume of 1,867 call options.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm earned $16.40 billion during the quarter, compared to the consensus estimate of $15.75 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Equities research analysts forecast that Intel Co. will post $2.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be paid a dividend of $0.2725 per share. This is an increase from Intel’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 3rd. This represents a $1.09 annualized dividend and a yield of 3.05%. Intel’s payout ratio is presently 49.29%.

In other Intel news, CEO Brian M. Krzanich sold 72,172 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the completion of the transaction, the chief executive officer now owns 549,091 shares of the company’s stock, valued at $19,333,494.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 55,821 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $36.34, for a total value of $2,028,535.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,972 shares of company stock valued at $7,014,041. Insiders own 0.09% of the company’s stock.

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).