Intel (NASDAQ:INTC) had its price objective trimmed by Roth Capital from $55.00 to $50.00 in a report issued on Friday, The Fly reports. The firm currently has a neutral rating on the chip maker’s stock.
A number of other equities research analysts also recently issued reports on the stock. Rosenblatt Securities reiterated a sell rating and issued a $40.00 target price (down previously from $45.00) on shares of Intel in a research report on Friday. Mizuho cut their target price on shares of Intel from $63.00 to $60.00 and set a buy rating for the company in a research report on Friday. JPMorgan Chase & Co. set a $75.00 target price on shares of Intel and gave the stock a buy rating in a research report on Tuesday, October 20th. Standpoint Research upgraded shares of Intel from a hold rating to a buy rating in a research report on Tuesday, September 8th. Finally, Sanford C. Bernstein reiterated a sell rating and issued a $45.00 target price on shares of Intel in a research report on Tuesday, October 20th. Thirteen 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. The stock has an average rating of Hold and an average price target of $57.76.
Shares of NASDAQ:INTC opened at $46.72 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. The company has a market cap of $198.70 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.72. Intel has a 52 week low of $43.63 and a 52 week high of $69.29. The firm has a 50 day simple moving average of $51.15 and a 200 day simple moving average of $55.40.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 22nd. The chip maker reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The business had revenue of $18.33 billion during the quarter, compared to the consensus estimate of $18.26 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, equities analysts predict that Intel will post 4.86 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s payout ratio is 27.10%.
In related news, EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction dated 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 transaction, the executive vice president now directly owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 4,400 shares of Intel 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 transaction, the vice president now directly owns 14,214 shares of the company’s stock, valued at $700,465.92. The disclosure for this sale can be found here. Insiders have sold a total of 7,491 shares of company stock valued at $365,878 over the last ninety days. 0.04% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in INTC. FMR LLC lifted 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 valued at $1,740,598,000 after purchasing an additional 8,197,324 shares during the last quarter. Nordea Investment Management AB lifted its stake in Intel by 116.0% in the second quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock valued at $863,186,000 after buying an additional 7,774,135 shares in the last quarter. Bank of New York Mellon Corp lifted 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. Assenagon Asset Management S.A. lifted its stake in Intel by 213.3% in the second quarter. Assenagon Asset Management S.A. now owns 2,776,281 shares of the chip maker’s stock valued at $166,105,000 after buying an additional 1,890,088 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Intel by 64.2% in the second quarter. Two Sigma Advisers LP now owns 4,474,275 shares of the chip maker’s stock worth $267,696,000 after purchasing an additional 1,748,800 shares in the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.
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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