Intel Co. (INTC) Receives Consensus Recommendation of “Buy” from Brokerages
Intel Co. (NASDAQ:INTC) has been given an average recommendation of “Buy” by the forty-six brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $43.93.
A number of research firms have recently weighed in on INTC. B. Riley reissued a “buy” rating and issued a $46.00 price target on shares of Intel in a research note on Friday, July 28th. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a research note on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 price target on Intel and gave the company a “sell” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel in a research note on Wednesday, August 9th.
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Institutional investors have recently modified their holdings of the stock. Watermark Asset Management Inc. bought a new stake in shares of Intel in the first quarter worth $113,000. Financial Engines Advisors L.L.C. acquired a new position in Intel in the third quarter valued at $119,000. Acrospire Investment Management LLC lifted its holdings in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Intel by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the period. Finally, JFS Wealth Advisors LLC lifted its holdings in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares during the period. 67.17% of the stock is currently owned by institutional investors.
Intel (NASDAQ INTC) opened at $45.46 on Thursday. Intel has a 1-year low of $33.23 and a 1-year high of $47.30. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $214,620.00, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a return on equity of 25.96% and a net margin of 27.96%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. equities analysts expect that Intel will post 3.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.40%. Intel’s payout ratio is presently 38.25%.
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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