BidaskClub cut shares of Intel Corporation (NASDAQ:INTC) from a hold rating to a sell rating in a research note released on Friday morning.

Other research analysts have also issued reports about the stock. Jefferies Group LLC reaffirmed an underperform rating and set a $30.00 price objective (up from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a sell rating in a research note on Tuesday, August 15th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They set a buy rating and a $41.00 price objective for the company. Canaccord Genuity reaffirmed a hold rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Finally, Northland Securities set a $40.00 price objective on shares of Intel Corporation and gave the stock a hold rating in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Intel Corporation has an average rating of Hold and a consensus price target of $40.58.

Shares of Intel Corporation (NASDAQ INTC) opened at 34.76 on Friday. The firm has a 50-day moving average of $35.18 and a 200-day moving average of $35.58. The firm has a market capitalization of $163.34 billion, a PE ratio of 13.27 and a beta of 1.01. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same period last year, the firm posted $0.59 earnings per share. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.14%. Intel Corporation’s payout ratio is 41.76%.

In related news, CFO Robert Holmes Swan purchased 13,888 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $36.31 per share, with a total value of $504,273.28. Following the completion of the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,921 shares of company stock worth $3,130,162. 0.08% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in INTC. Jackson Grant Investment Advisers Inc. raised its position in Intel Corporation by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the last quarter. Cordasco Financial Network raised its position in Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Summit Asset Management LLC raised its position in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares during the last quarter. First Hawaiian Bank raised its position in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the last quarter. Finally, First Command Financial Services Inc. raised its position in Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

About Intel Corporation

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).

Analyst Recommendations for Intel Corporation (NASDAQ:INTC)

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