Intel Receives Average Rating of “Hold” from Brokerages (NASDAQ:INTC)
Shares of Intel (NASDAQ:INTC) have been given an average rating of “Hold” by the forty-three analysts that are covering the company, StockRatingsNetwork.com reports. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $33.42.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel from $32.00 to $37.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Intel in a research note on Tuesday, August 5th. They now have a $41.00 price target on the stock. Finally, analysts at Bernstein raised their price target on shares of Intel from $28.00 to $31.00 in a research note on Wednesday, July 16th.
Intel (NASDAQ:INTC) opened at 34.50 on Thursday. Intel has a one year low of $21.90 and a one year high of $34.83. The stock has a 50-day moving average of $33.18 and a 200-day moving average of $28.10. The company has a market cap of $170.8 billion and a price-to-earnings ratio of 17.09.
Intel (NASDAQ:INTC) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter last year, the company posted $0.39 earnings per share. Intel’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Intel will post $2.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, August 5th.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.