Sanford C. Bernstein reaffirmed their sell rating on shares of Intel (NASDAQ:INTC) in a research note issued to investors on Friday, January 26th. The firm currently has a $38.00 target price on the chip maker’s stock.
INTC has been the topic of several other research reports. ValuEngine upgraded shares of Intel from a hold rating to a buy rating in a research note on Monday, October 2nd. Vetr lowered shares of Intel from a strong-buy rating to a buy rating and set a $42.80 target price on the stock. in a research note on Tuesday, October 3rd. Royal Bank of Canada reiterated a sector perform rating and issued a $40.00 target price (up from $37.00) on shares of Intel in a research note on Friday, October 6th. Mizuho reiterated a buy rating and issued a $45.00 target price (up from $42.00) on shares of Intel in a research note on Monday, October 9th. Finally, Susquehanna Bancshares increased their price target on shares of Intel from $45.00 to $46.00 and gave the company a positive rating in a report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $49.33.
Shares of Intel (NASDAQ:INTC) opened at $44.83 on Friday. Intel has a one year low of $33.23 and a one year high of $50.85. The company has a market cap of $209,800.00, a P/E ratio of 22.64, a P/E/G ratio of 1.49 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last issued its quarterly 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 business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. equities analysts predict that Intel will post 3.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.68%. Intel’s dividend payout ratio (DPR) is presently 60.61%.
In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total value of $880,610.22. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 in the last three months. 0.08% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in INTC. Goodman Financial Corp acquired a new position in Intel during the fourth quarter worth $102,000. Financial Engines Advisors L.L.C. acquired a new position in Intel during the third quarter worth $119,000. Acrospire Investment Management LLC increased its holdings in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the last quarter. Delphi Private Advisors LLC increased its holdings in Intel by 286.1% during the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after buying an additional 2,157 shares during the last quarter. Finally, First Dallas Securities Inc. acquired a new position in Intel during the fourth quarter worth $144,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.
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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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