A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated a buy rating and issued a $68.00 price target on shares of Intel in a report on Monday, October 1st. MKM Partners lowered their price target on Intel to $58.00 and set a buy rating for the company in a report on Friday, August 24th. BidaskClub downgraded Intel from a sell rating to a strong sell rating in a report on Friday, September 14th. Bank of America lowered Intel from a buy rating to a neutral rating and reduced their price objective for the company from $62.00 to $56.00 in a research report on Friday, July 27th. Finally, Raymond James lowered Intel from a market perform rating to an underperform rating in a research report on Tuesday, September 25th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $54.89.
Shares of NASDAQ INTC opened at $45.01 on Friday. Intel has a twelve month low of $40.40 and a twelve month high of $57.60. The company has a quick ratio of 1.15, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $205.85 billion, a PE ratio of 13.01, a PEG ratio of 1.26 and a beta of 0.97.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.05. Intel had a return on equity of 27.33% and a net margin of 20.07%. The business had revenue of $16.96 billion during the quarter, compared to the consensus estimate of $16.78 billion. During the same period in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities analysts forecast that Intel will post 4.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.67%. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In other Intel news, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the transaction, the executive vice president now owns 23,268 shares in the company, valued at approximately $1,219,941.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the transaction, the executive vice president now owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold a total of 4,077 shares of company stock valued at $205,757 in the last quarter. 0.03% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of INTC. Quad Cities Investment Group LLC bought a new stake in shares of Intel in the 2nd quarter worth $107,000. Elmwood Wealth Management Inc. bought a new stake in shares of Intel in the 1st quarter worth $110,000. Financial Gravity Wealth Inc. bought a new stake in shares of Intel in the 1st quarter worth $120,000. WP Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth $137,000. Finally, Well Done LLC bought a new stake in shares of Intel in the 1st quarter worth $156,000. 65.44% of the stock is currently owned by institutional investors.
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.
Featured Article: Marijuana Stocks
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.