Intel (NASDAQ:INTC) had its target price reduced by Mizuho from $63.00 to $60.00 in a research report report published on Friday, The Fly reports. They currently have a buy rating on the chip maker’s stock.
Other analysts have also recently issued reports about the stock. Needham & Company LLC reissued a hold rating on shares of Intel in a research note on Tuesday, July 7th. Royal Bank of Canada reissued a sell rating and set a $48.00 price objective on shares of Intel in a research note on Tuesday, October 20th. UBS Group boosted their price objective 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. 140166 boosted their price objective on shares of Intel from $53.00 to $56.00 and gave the company a neutral rating in a research note on Wednesday, October 21st. Finally, 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 research report on Friday, July 24th. Thirteen research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Intel has a consensus rating of Hold and an average price target of $57.76.
INTC stock opened at $46.72 on Friday. The stock has a market capitalization of $198.70 billion, a P/E ratio of 8.60, a PEG ratio of 1.50 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. Intel has a one year low of $43.63 and a one year high of $69.29. The company has a 50 day moving average price of $51.15 and a two-hundred day moving average price of $55.40.
Intel (NASDAQ:INTC) last released its earnings results 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 firm had revenue of $18.33 billion during the quarter, compared to analysts’ expectations of $18.26 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. Intel’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. Research analysts forecast that Intel will post 4.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be given a $0.33 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.83%. Intel’s dividend payout ratio (DPR) is presently 27.10%.
In related news, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction that occurred 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 approximately $700,465.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 2,847 shares of the company’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 transaction of $137,168.46. Following the completion of 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. In the last 90 days, insiders sold 7,491 shares of company stock valued at $365,878. 0.04% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. FMR LLC lifted its position in 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 buying an additional 8,197,324 shares in the last quarter. Nordea Investment Management AB lifted its position in 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 buying an additional 7,774,135 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Intel by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock worth $2,611,183,000 after buying an additional 2,854,921 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Intel by 213.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,776,281 shares of the chip maker’s stock worth $166,105,000 after buying an additional 1,890,088 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Intel by 64.2% in the 2nd quarter. Two Sigma Advisers LP now owns 4,474,275 shares of the chip maker’s stock worth $267,696,000 after buying an additional 1,748,800 shares in 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.
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