Intel (NASDAQ:INTC) had its price target decreased by Roth Capital from $55.00 to $50.00 in a research note published on Friday morning, The Fly reports. Roth Capital currently has a neutral rating on the chip maker’s stock.
A number of other equities analysts have also issued reports on INTC. SVB Leerink began coverage on Intel in a report on Friday, July 24th. They set a hold rating on the stock. Rosenblatt Securities reissued a sell rating and set a $40.00 price target (down previously from $45.00) on shares of Intel in a report on Friday. Zacks Investment Research lowered Intel from a buy rating to a hold rating and set a $53.00 price target on the stock. in a report on Monday, July 27th. BofA Securities lowered Intel from a neutral rating to an underperform rating and lowered their price target for the stock from $60.00 to $45.00 in a report on Friday. Finally, BNP Paribas lowered Intel from an outperform rating to an underperform rating in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the stock. Intel has an average rating of Hold and a consensus target price of $57.76.
Shares of INTC stock opened at $46.72 on Friday. The stock’s 50-day moving average is $51.15 and its two-hundred day moving average is $55.40. The firm has a market cap 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 1 year low of $43.63 and a 1 year high of $69.29. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 22nd. The chip maker reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The company had revenue of $18.33 billion for 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%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 earnings per share. As a group, research analysts predict that Intel will post 4.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be issued a $0.33 dividend. The ex-dividend date 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 is currently 27.10%.
In other news, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $48.18, for a total value of $137,168.46. Following the sale, the executive vice president now owns 71,807 shares in the company, valued at approximately $3,459,661.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 7,491 shares of company stock worth $365,878 in the last quarter. 0.04% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of INTC. Modus Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at about $25,000. Price Wealth LLC raised its stake in shares of Intel by 119.5% in the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 251 shares in the last quarter. FAI Wealth Management raised its stake in shares of Intel by 390.4% in the 2nd quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. Okabena Investment Services Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at about $42,000. Finally, Demars Financial Group LLC acquired a new stake in Intel during the second quarter worth about $43,000. 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.
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