Intel (NASDAQ:INTC) had its price objective raised by Barclays from $55.00 to $60.00 in a research note published on Thursday. The brokerage currently has an overweight rating on the chip maker’s stock.
INTC has been the subject of several other reports. Bank of America reissued a buy rating and set a $65.00 price objective on shares of Intel in a report on Wednesday. Vetr lowered Intel from a strong-buy rating to a buy rating and set a $48.80 price objective for the company. in a report on Tuesday, January 2nd. BidaskClub lowered Intel from a strong-buy rating to a buy rating in a report on Wednesday, December 27th. DZ Bank reissued a hold rating and set a $53.00 price objective on shares of Intel in a report on Wednesday, March 28th. Finally, Goldman Sachs reissued a neutral rating and set a $48.00 price objective on shares of Intel in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Intel presently has an average rating of Buy and a consensus target price of $51.10.
Shares of NASDAQ INTC opened at $51.53 on Thursday. Intel has a 1-year low of $33.23 and a 1-year high of $54.35. The firm has a market cap of $241,073.66, a price-to-earnings ratio of 14.89, a PEG ratio of 1.73 and a beta of 0.95. 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 announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same period in the prior year, the company earned $0.79 earnings per share. Intel’s revenue was up 4.1% compared to the same quarter last year. analysts anticipate that Intel will post 3.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is 34.68%.
In related news, CEO Brian M. Krzanich sold 74,456 shares of Intel stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 2,155 shares of Intel stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total value of $98,332.65. Following the sale, the executive vice president now directly owns 20,933 shares of the company’s stock, valued at approximately $955,172.79. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock valued at $6,011,490 in the last three months. 0.03% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of INTC. Epstein & White Financial LLC purchased a new stake in Intel during the fourth quarter valued at about $262,000. Whalerock Point Partners LLC raised its position in Intel by 32.8% during the fourth quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock valued at $1,730,000 after purchasing an additional 9,250 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in Intel by 9.0% during the fourth quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock valued at $20,477,000 after purchasing an additional 36,802 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV raised its position in Intel by 9.4% during the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock valued at $6,298,000 after purchasing an additional 11,764 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in Intel by 1.9% during the fourth quarter. Capital Investment Advisors LLC now owns 313,885 shares of the chip maker’s stock valued at $14,489,000 after purchasing an additional 5,836 shares in the last quarter. 69.02% of the stock is owned by institutional investors.
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Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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