Intel (NASDAQ:INTC) had its target price upped by MKM Partners to $55.00 in a research report sent to investors on Friday, January 26th. The brokerage currently has a buy rating on the chip maker’s stock.
Several other brokerages also recently issued reports on INTC. Roth Capital reiterated a buy rating and issued a $57.00 price target (up from $50.00) on shares of Intel in a report on Friday, January 26th. Deutsche Bank reissued a buy rating and issued a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. B. Riley reissued a buy rating and issued a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Goldman Sachs Group reissued a neutral rating and issued a $48.00 price objective on shares of Intel in a research report on Friday, January 26th. Finally, Nomura reissued a buy rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. 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 company’s stock. Intel has an average rating of Buy and an average target price of $49.33.
Intel (NASDAQ INTC) opened at $44.46 on Friday. The firm has a market capitalization of $208,070.00, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Intel has a twelve month low of $33.23 and a twelve month high of $50.85.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates 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 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 in the prior year, the firm posted $0.79 EPS. equities research analysts anticipate that Intel will post 3.51 earnings per share for the current fiscal year.
The business 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 represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is currently 60.61%.
In related news, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $68,474.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The disclosure for this sale can be found here. Insiders have sold 932,755 shares of company stock worth $41,387,752 in the last quarter. Company insiders own 0.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of INTC. CHURCHILL MANAGEMENT Corp acquired a new position in Intel in the 2nd quarter worth approximately $15,688,000. Arvest Bank Trust Division boosted its stake in shares of Intel by 1.2% during the 2nd quarter. Arvest Bank Trust Division now owns 431,723 shares of the chip maker’s stock valued at $14,566,000 after buying an additional 5,124 shares during the period. Union Bankshares Corp boosted its stake in shares of Intel by 1.1% during the 2nd quarter. Union Bankshares Corp now owns 142,238 shares of the chip maker’s stock valued at $4,799,000 after buying an additional 1,510 shares during the period. Peachtree Investment Advisors Inc. boosted its stake in shares of Intel by 1.2% during the 2nd quarter. Peachtree Investment Advisors Inc. now owns 50,972 shares of the chip maker’s stock valued at $1,720,000 after buying an additional 625 shares during the period. Finally, Hills Bank & Trust Co. boosted its stake in shares of Intel by 24.6% during the 2nd quarter. Hills Bank & Trust Co. now owns 91,191 shares of the chip maker’s stock valued at $3,077,000 after buying an additional 18,003 shares during the period. 67.48% of the stock is owned by hedge funds and other institutional investors.
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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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