The global asset management firm Sanford C. Bernstein has lowered the rating of the Intel Corporation (NASDAQ:INTC) stock from “perform” to “underperform”. They informed this change in a research report, which has been forwarded to investors. Bernstein has given a price objective of $30.00 for the Intel stock. On Friday, it was trading at $35.12, down from the morning price of $ 35.29.
Other analysts too have commented on the chip maker. Most of them are however positive, so the Sanford C. Bernstein rating is a bit of a surprise.
Market Analysts Are Divided About the Intel Stock
For instance, Vetr has raised the stock from a “buy” rating to a “strong-buy”. They have set a price target of $39.45. Deutsche Bank AG has also reissued a “buy” rating. According to them the price target for the Intel stock is even higher at $47.00, which is about 33 percent more than its current market price. Like Deutsche, Brean Capital and Wells Fargo have also reissued a “buy” rating, with the latter setting a target price of $45.00 for the stock.
Royal Bank of Canada has issued a rating of sector perform for Intel. Their set target price is $37.00. On the other hand, as many as four research analysts have rated the Intel stock as “sell”, and 18 have issued a “hold” rating. Currently, the stock has an average rating of “hold” with an average price target of $39.99.
Financial Performance of Intel Corporation
Intel announced their quarterly earnings results in late January. They reported an EPS of $0.79, which was better than the predictions of most analysts. EPS in the same period of last year was $0.74. The return on equity was 20.95 percent, and the net margin was 17.37 percent. Intel earned a revenue of $16.40 billion in the quarter. Analysts had predicted this to be $15.75 billion. Business revenue in the quarter has gone up by 10.1 percent on a year-over-year basis. So overall, the business is doing better.
For the present fiscal year, research analysts have predicted the business is likely to report an EPS of $2.80.
Intel (NASDAQ:INTC) also disclosed their quarterly dividend recently, and this was paid on March 1st. Investors who held the stock on February 7th were given a dividend of $0.26, which comes to an annualized dividend of $1.04, and a dividend yield of 2.96 percent.