Intel (NASDAQ:INTC) had its price target trimmed by Cowen from $55.00 to $50.00 in a report published on Friday, AnalystRatings.net reports. The brokerage currently has a market perform rating on the chip maker’s stock.
INTC has been the subject of a number of other research reports. BNP Paribas cut Intel from an outperform rating to an underperform rating in a report on Friday, July 24th. Roth Capital cut Intel from a buy rating to a neutral rating and reduced their target price for the company from $75.00 to $55.00 in a report on Friday, July 24th. BidaskClub raised Intel from a sell rating to a hold rating in a report on Tuesday, October 20th. Credit Suisse Group reissued a buy rating and set a $70.00 target price on shares of Intel in a report on Monday, August 24th. Finally, UBS Group increased their price target on Intel from $64.00 to $67.00 and gave the company a buy rating in a report on Wednesday, October 14th. Thirteen investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $57.76.
NASDAQ INTC opened at $46.72 on Friday. The stock has a market capitalization of $198.70 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.50 and a beta of 0.72. Intel has a twelve month low of $43.63 and a twelve month high of $69.29. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $51.15 and a 200 day moving average of $55.40.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.01. The company had revenue of $18.33 billion during the quarter, compared to analysts’ expectations of $18.26 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. Intel’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Equities analysts predict that Intel will post 4.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.83%. Intel’s dividend payout ratio (DPR) is presently 27.10%.
In other Intel news, EVP Navin Shenoy sold 2,847 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $48.18, for a total value of $137,168.46. Following the sale, the executive vice president now directly owns 71,807 shares in the company, valued at $3,459,661.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin Thomas Mcbride sold 4,400 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $49.28, for a total value of $216,832.00. Following the completion of the sale, the vice president now owns 14,214 shares in the company, valued at $700,465.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in Intel by 7.0% in the second 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 buying an additional 2,854,921 shares in the last quarter. Morgan Stanley increased its position in shares of Intel by 3.8% during the first quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock worth $1,645,971,000 after purchasing an additional 1,108,810 shares in the last quarter. FMR LLC increased its position in shares of Intel by 39.2% during the second quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after purchasing an additional 8,197,324 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Intel by 3.1% during the second quarter. Fisher Asset Management LLC now owns 28,665,401 shares of the chip maker’s stock worth $1,715,051,000 after purchasing an additional 863,417 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Intel by 116.0% during the second quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock worth $863,186,000 after purchasing an additional 7,774,135 shares in the last quarter. Institutional investors 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.
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