Intel (NASDAQ:INTC) Given Hold Rating at Northland Securities

Intel (NASDAQ:INTC)‘s stock had its “hold” rating reiterated by research analysts at Northland Securities in a research note issued to investors on Monday, AnalystRatings.com reports. They presently have a $48.00 price objective on the chip maker’s stock. Northland Securities’ price target would suggest a potential downside of 7.71% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Cascend Securities reiterated a “buy” rating and set a $65.00 price target (up previously from $55.00) on shares of Intel in a research report on Friday, July 26th. SunTrust Banks reiterated a “buy” rating and set a $58.00 price target (up previously from $54.00) on shares of Intel in a research report on Friday, July 26th. BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Nomura set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Tigress Financial restated a “buy” rating on shares of Intel in a research report on Friday, August 30th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Intel has an average rating of “Hold” and a consensus target price of $53.79.

NASDAQ INTC opened at $52.01 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $227.52 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.56 and a beta of 0.91. The firm’s 50 day simple moving average is $51.08 and its 200 day simple moving average is $49.45. Intel has a 1 year low of $42.36 and a 1 year high of $59.59.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. On average, equities research analysts forecast that Intel will post 4.38 earnings per share for the current year.

In other news, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.45, for a total transaction of $524,500.00. Following the transaction, the director now owns 44,400 shares in the company, valued at $2,328,780. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $51.18, for a total transaction of $128,410.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nicolet Advisory Services LLC raised its stake in Intel by 4.2% during the third quarter. Nicolet Advisory Services LLC now owns 9,251 shares of the chip maker’s stock worth $477,000 after buying an additional 377 shares during the last quarter. DeDora Capital Inc. raised its stake in Intel by 2.1% during the third quarter. DeDora Capital Inc. now owns 29,009 shares of the chip maker’s stock worth $1,495,000 after buying an additional 596 shares during the last quarter. Convergence Investment Partners LLC raised its stake in Intel by 24.0% during the third quarter. Convergence Investment Partners LLC now owns 92,454 shares of the chip maker’s stock worth $4,764,000 after buying an additional 17,874 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in Intel by 2.3% during the third quarter. 180 Wealth Advisors LLC now owns 16,914 shares of the chip maker’s stock worth $881,000 after buying an additional 383 shares during the last quarter. Finally, 6 Meridian raised its stake in Intel by 26.1% during the third quarter. 6 Meridian now owns 201,173 shares of the chip maker’s stock worth $10,366,000 after buying an additional 41,657 shares during the last quarter. 65.94% of the stock is owned by institutional investors and hedge funds.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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