Intel Co. (INTC) Receives Average Recommendation of “Buy” from Brokerages
Shares of Intel Co. (NASDAQ:INTC) have received an average rating of “Buy” from the forty-six brokerages that are currently covering the stock. Four research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and twenty-eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.13.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Intel from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $43.00 target price on shares of Intel in a report on Tuesday, January 31st. Vetr downgraded Intel from a “buy” rating to a “hold” rating and set a $37.50 target price on the stock. in a report on Monday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating on shares of Intel in a report on Friday, February 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 target price on shares of Intel in a report on Tuesday, March 14th.
Intel (NASDAQ:INTC) opened at 35.77 on Tuesday. The stock’s 50 day moving average is $36.11 and its 200-day moving average is $35.98. The firm has a market capitalization of $168.44 billion, a PE ratio of 15.48 and a beta of 1.03. Intel has a 1-year low of $30.44 and a 1-year high of $38.45.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. Equities research analysts forecast that Intel will post $2.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be issued a $0.2725 dividend. This is an increase from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, May 3rd. Intel’s payout ratio is currently 49.29%.
In other news, insider Venkata S. M. Renduchintala sold 13,997 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $36.11, for a total value of $505,431.67. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,464.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 72,172 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the completion of the sale, the chief executive officer now owns 549,091 shares in the company, valued at $19,333,494.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,814 shares of company stock worth $6,304,562. 0.09% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of INTC. Stuart Chaussee & Associates Inc. increased its stake in Intel by 2.2% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,896 shares of the chip maker’s stock worth $104,000 after buying an additional 61 shares during the period. Edmond DE Rothschild Monaco acquired a new stake in Intel during the third quarter worth $113,000. Jacobus Wealth Management Inc. acquired a new stake in Intel during the third quarter worth $119,000. America First Investment Advisors LLC increased its stake in Intel by 3.7% in the first quarter. America First Investment Advisors LLC now owns 3,592 shares of the chip maker’s stock worth $130,000 after buying an additional 128 shares during the period. Finally, Fusion Family Wealth LLC acquired a new stake in Intel during the fourth quarter worth $133,000. Hedge funds and other institutional investors own 65.90% of the company’s stock.
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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).
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