Intel (NASDAQ:INTC) had its target price upped by 140166 from $53.00 to $56.00 in a report released on Wednesday morning, Anlyst Ratings reports. 140166 currently has a neutral rating on the chip maker’s stock.
Other equities research analysts also recently issued research reports about the stock. UBS Group upped their target price on shares of Intel from $64.00 to $67.00 and gave the company a buy rating in a research note on Wednesday, October 14th. Zacks Investment Research downgraded shares of Intel from a buy rating to a hold rating and set a $53.00 target price for the company. in a research note on Monday, July 27th. Exane BNP Paribas cut shares of Intel from an outperform rating to an underperform rating and set a $47.00 price target for the company. in a report on Friday, July 24th. SVB Leerink started coverage on shares of Intel in a report on Friday, July 24th. They set a hold rating for the company. Finally, Barclays cut shares of Intel from an equal weight rating to an underweight rating and reduced their target price for the stock from $58.00 to $48.00 in a report on Friday, July 24th. Thirteen research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $57.97.
Shares of NASDAQ:INTC opened at $48.20 on Wednesday. The firm has a market capitalization of $204.99 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.50 and a beta of 0.72. The firm has a fifty day moving average of $51.27 and a two-hundred day moving average of $55.53. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. Intel has a 12-month low of $43.63 and a 12-month high of $69.29.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. Intel had a net margin of 29.97% and a return on equity of 31.55%. The business had revenue of $18.33 billion for the quarter, compared to analyst estimates of $18.26 billion. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Intel will post 4.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.74%. Intel’s dividend payout ratio is currently 27.10%.
In other Intel news, VP Kevin Thomas Mcbride sold 4,400 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $49.28, for a total transaction of $216,832.00. Following the completion of the sale, the vice president now owns 14,214 shares in the company, valued at approximately $700,465.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 2,847 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the sale, the executive vice president now owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The disclosure for this sale can be found here. Insiders sold a total of 7,491 shares of company stock valued at $365,878 in the last quarter. 0.04% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Intel by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock valued at $2,611,183,000 after purchasing an additional 2,854,921 shares in the last quarter. Morgan Stanley boosted its holdings in Intel by 3.8% during the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock worth $1,645,971,000 after acquiring an additional 1,108,810 shares during the last quarter. FMR LLC boosted its holdings in Intel by 39.2% during the 2nd quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after acquiring an additional 8,197,324 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Intel by 3.1% during the 2nd quarter. Fisher Asset Management LLC now owns 28,665,401 shares of the chip maker’s stock worth $1,715,051,000 after acquiring an additional 863,417 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Intel by 116.0% during the 2nd quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock worth $863,186,000 after acquiring an additional 7,774,135 shares during the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.
Intel Company Profile
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
Read More: Pattern Day Trader – What is the PDT Rule?
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.