Intel (NASDAQ:INTC) had its price objective raised by Barclays from $55.00 to $60.00 in a research note released on Thursday morning. Barclays currently has an overweight rating on the chip maker’s stock.
INTC has been the topic of several other research reports. Vetr downgraded Intel from a strong-buy rating to a buy rating and set a $48.80 price target on the stock. in a report on Tuesday, January 2nd. BidaskClub downgraded Intel from a strong-buy rating to a buy rating in a report on Wednesday, December 27th. DZ Bank reissued a hold rating and issued a $53.00 price target on shares of Intel in a report on Wednesday, March 28th. Goldman Sachs reissued a neutral rating and issued a $48.00 price target on shares of Intel in a report on Friday, January 26th. Finally, Bank of America reaffirmed a buy rating and set a $65.00 target price on shares of Intel in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Intel currently has an average rating of Buy and a consensus target price of $51.10.
Shares of NASDAQ INTC traded down $1.13 during mid-day trading on Thursday, hitting $51.09. The company had a trading volume of 10,801,991 shares, compared to its average volume of 34,670,434. The company has a market cap of $250,804.58, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. Intel has a 12 month low of $33.23 and a 12 month high of $54.35. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. equities analysts forecast that Intel will post 3.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. Intel’s dividend payout ratio is 34.68%.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 2,155 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total value of $98,332.65. Following the completion of the transaction, the executive vice president now owns 20,933 shares in the company, valued at approximately $955,172.79. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock worth $6,011,490 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. lifted its position in shares of Intel by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares during the last quarter. Marathon Capital Management lifted its position in shares of Intel by 0.7% in the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after buying an additional 80 shares during the last quarter. WealthTrust Fairport LLC lifted its position in shares of Intel by 0.4% in the second quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock worth $1,086,000 after buying an additional 120 shares during the last quarter. Regal Investment Advisors LLC lifted its position in shares of Intel by 0.8% in the second quarter. Regal Investment Advisors LLC now owns 21,141 shares of the chip maker’s stock worth $713,000 after buying an additional 159 shares during the last quarter. Finally, AMG Funds LLC lifted its position in shares of Intel by 0.5% in the second quarter. AMG Funds LLC now owns 46,307 shares of the chip maker’s stock worth $1,562,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 69.02% of the company’s stock.
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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