Sanford C. Bernstein set a $34.00 target price on Intel (NASDAQ:INTC) in a report issued on Wednesday, January 10th. The brokerage currently has a sell rating on the chip maker’s stock.
A number of other equities research analysts have also recently commented on the company. Mizuho reaffirmed a buy rating and set a $45.00 price objective (up from $42.00) on shares of Intel in a research note on Monday, October 9th. B. Riley reaffirmed a buy rating and set a $53.00 price objective on shares of Intel in a research note on Friday, October 27th. Vetr raised Intel from a buy rating to a strong-buy rating and set a $49.90 price objective for the company in a research note on Wednesday, January 10th. ValuEngine upgraded Intel from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, SunTrust Banks reiterated a hold rating and set a $43.00 target price (up from $39.00) on shares of Intel in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $49.10.
Intel (NASDAQ INTC) traded down $0.49 during mid-day trading on Wednesday, reaching $47.65. The company had a trading volume of 28,802,097 shares, compared to its average volume of 39,180,000. Intel has a 12-month low of $33.23 and a 12-month high of $50.85. The firm has a market cap of $223,000.00, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. equities research analysts forecast that Intel will post 3.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a $0.30 dividend. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.52%. Intel’s dividend payout ratio is presently 55.05%.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 8,659 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the completion of the sale, the chief executive officer now owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The disclosure for this sale can be found here. Insiders sold 910,348 shares of company stock worth $40,300,261 in the last ninety days. 0.08% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Papp L Roy & Associates lifted its stake in shares of Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after acquiring an additional 800 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Intel in the 2nd quarter valued at $555,000. United Bank lifted its stake in shares of Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after acquiring an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after acquiring an additional 9,746 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its stake in shares of Intel by 15.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after acquiring an additional 16,340 shares during the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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