Shares of Intel Co. (NASDAQ:INTC) have been assigned an average rating of “Hold” from the forty research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $53.43.
INTC has been the subject of several recent analyst reports. B. Riley upped their price objective on shares of Intel from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Nomura upped their price objective on shares of Intel from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Roth Capital cut their price objective on shares of Intel from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 price objective (down previously from $60.00) on shares of Intel in a research report on Friday, October 26th. Finally, Macquarie reaffirmed a “buy” rating and set a $60.00 price objective on shares of Intel in a research report on Friday, October 19th.
In related news, EVP Navin Shenoy sold 1,626 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $48.62, for a total value of $79,056.12. Following the completion of the transaction, the executive vice president now owns 51,913 shares in the company, valued at approximately $2,524,010.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert Holmes Swan acquired 5,117 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average price of $48.30 per share, with a total value of $247,151.10. Following the acquisition, the chief executive officer now owns 131,839 shares in the company, valued at $6,367,823.70. The disclosure for this purchase can be found here. In the last quarter, insiders sold 18,039 shares of company stock valued at $870,162. 0.03% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Tributary Capital Management LLC bought a new position in Intel during the 4th quarter worth approximately $28,000. Virtus ETF Advisers LLC bought a new position in Intel during the 4th quarter worth approximately $48,000. Stevens First Principles Investment Advisors bought a new position in Intel during the 4th quarter worth approximately $53,000. Tortoise Investment Management LLC raised its holdings in Intel by 86.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after purchasing an additional 580 shares during the last quarter. Finally, Ruggie Capital Group raised its holdings in Intel by 247.0% during the 4th quarter. Ruggie Capital Group now owns 1,440 shares of the chip maker’s stock worth $68,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 64.16% of the company’s stock.
INTC opened at $48.84 on Friday. Intel has a twelve month low of $42.04 and a twelve month high of $57.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. The stock has a market cap of $230.31 billion, a P/E ratio of 10.66, a PEG ratio of 1.32 and a beta of 0.74.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. Intel’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Intel will post 4.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.30. Intel’s dividend payout ratio (DPR) is 27.51%.
Intel declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the chip maker to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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