Intel (INTC) Rating Increased to Buy at Tigress Financial

Tigress Financial upgraded shares of Intel (NASDAQ:INTC) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have $50.34 price target on the chip maker’s stock.

Other analysts also recently issued reports about the stock. Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the stock a sell rating in a research report on Wednesday, January 10th. Needham & Company LLC boosted their target price on shares of Intel from $45.00 to $50.00 and gave the stock a buy rating in a research report on Friday, January 26th. SunTrust Banks restated a hold rating and issued a $50.00 price objective on shares of Intel in a research note on Friday, January 26th. Vetr cut shares of Intel from a strong-buy rating to a buy rating and set a $49.51 price objective for the company. in a research note on Wednesday, January 17th. Finally, Wells Fargo restated a buy rating and issued a $55.00 price objective on shares of Intel in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Intel has a consensus rating of Buy and an average price target of $50.79.

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INTC stock opened at $48.79 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $227,751.72, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. Intel has a 12 month low of $33.23 and a 12 month high of $53.78.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company 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 company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. equities research analysts predict that Intel will post 3.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.

In other Intel news, VP Kevin Thomas Mcbride sold 686 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the sale, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 8,659 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now directly owns 263,382 shares in the company, valued at approximately $13,011,070.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,914 shares of company stock worth $6,011,490. Insiders own 0.08% of the company’s stock.

A number of large investors have recently modified their holdings of INTC. Beach Investment Management LLC. bought a new position in shares of Intel in the 2nd quarter valued at about $371,000. Cim Investment Mangement Inc. boosted its stake in shares of Intel by 64.5% in the 2nd quarter. Cim Investment Mangement Inc. now owns 78,092 shares of the chip maker’s stock valued at $2,635,000 after purchasing an additional 30,632 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Intel by 0.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 321,592 shares of the chip maker’s stock valued at $10,851,000 after purchasing an additional 2,793 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in shares of Intel by 1.0% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 53,039 shares of the chip maker’s stock valued at $1,790,000 after purchasing an additional 500 shares during the last quarter. Finally, Covington Investment Advisors Inc. boosted its stake in shares of Intel by 1.1% in the 2nd quarter. Covington Investment Advisors Inc. now owns 99,041 shares of the chip maker’s stock valued at $3,342,000 after purchasing an additional 1,065 shares during the last quarter. 69.16% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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