Intel (NASDAQ:INTC) had its price target cut by Deutsche Bank Aktiengesellschaft from $60.00 to $55.00 in a research report released on Friday, The Fly reports. They currently have a hold rating on the chip maker’s stock.
Several other brokerages also recently weighed in on INTC. SVB Leerink started coverage on Intel in a research report on Friday, July 24th. They issued a hold rating for the company. Royal Bank of Canada reaffirmed a sell rating and set a $48.00 price objective on shares of Intel in a research report on Tuesday, October 20th. Exane BNP Paribas cut Intel from an outperform rating to an underperform rating and set a $47.00 price objective on the stock. in a research report on Friday, July 24th. Mizuho dropped their price objective on Intel from $63.00 to $60.00 and set a buy rating on the stock in a research report on Friday. Finally, BidaskClub raised Intel from a sell rating to a hold rating in a research report on Tuesday, October 20th. Thirteen investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the stock. Intel has a consensus rating of Hold and an average target price of $57.76.
Shares of NASDAQ INTC opened at $46.72 on Friday. Intel has a 12 month low of $43.63 and a 12 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 firm 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. The business has a 50-day moving average of $51.15 and a 200-day moving average of $55.40.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 22nd. The chip maker reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The company had revenue of $18.33 billion during the quarter, compared to analyst estimates of $18.26 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. Intel’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. On average, analysts predict that Intel will post 4.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s dividend payout ratio is currently 27.10%.
In other Intel news, VP Kevin Thomas Mcbride sold 4,400 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $49.28, for a total transaction of $216,832.00. Following the completion of the transaction, the vice president now owns 14,214 shares in the company, valued at approximately $700,465.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navin Shenoy sold 2,847 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total value of $137,168.46. Following the transaction, 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 have sold 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 and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings 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 buying an additional 2,854,921 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Intel by 3.8% in the 1st 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 during the period. FMR LLC boosted its holdings in shares of Intel by 39.2% in the 2nd 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 during the period. Fisher Asset Management LLC boosted its holdings in shares of Intel by 3.1% in 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 purchasing an additional 863,417 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Intel by 116.0% in the 2nd 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 during the period. Institutional investors and hedge funds own 64.41% of the company’s stock.
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.
Featured Article: Are 12b-1 Fees Affecting Your Mutual Fund Performance?
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.