BNP Paribas set a $54.00 target price on Intel (NASDAQ:INTC) in a research note published on Tuesday morning. The firm currently has a hold rating on the chip maker’s stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a neutral rating and issued a $60.00 price target on shares of Intel in a research report on Monday, July 16th. Cowen dropped their price target on shares of Intel from $54.00 to $52.00 and set a market perform rating for the company in a research report on Friday, July 27th. Sanford C. Bernstein set a $42.00 price target on shares of Intel and gave the company a sell rating in a research report on Thursday, August 9th. Royal Bank of Canada reiterated a neutral rating and issued a $60.00 price target on shares of Intel in a research report on Monday, July 16th. Finally, Barclays downgraded shares of Intel from an overweight rating to an equal weight rating and dropped their price target for the company from $62.00 to $53.00 in a research report on Monday, August 6th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $55.63.

Shares of INTC stock opened at $48.24 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The company has a market cap of $227.23 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.39 and a beta of 1.00. Intel has a 12-month low of $34.46 and a 12-month high of $57.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The firm had revenue of $16.96 billion during the quarter, compared to the consensus estimate of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. sell-side analysts anticipate that Intel will post 4.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Tuesday, August 7th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.49%. Intel’s dividend payout ratio (DPR) is 34.68%.

In related news, CEO Robert Holmes Swan bought 5,243 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were purchased at an average price of $47.69 per share, with a total value of $250,038.67. Following the completion of the purchase, the chief executive officer now owns 71,672 shares in the company, valued at approximately $3,418,037.68. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 1,251 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. Insiders sold 4,077 shares of company stock worth $205,757 over the last three months. 0.03% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Truvestments Capital LLC acquired a new position in shares of Intel during the second quarter worth $2,127,000. Farmers National Bank lifted its holdings in shares of Intel by 10.4% during the second quarter. Farmers National Bank now owns 43,468 shares of the chip maker’s stock worth $2,161,000 after purchasing an additional 4,080 shares during the period. BDO Wealth Advisors LLC lifted its holdings in shares of Intel by 4.8% during the second quarter. BDO Wealth Advisors LLC now owns 46,393 shares of the chip maker’s stock worth $2,306,000 after purchasing an additional 2,126 shares during the period. Mainstay Capital Management LLC ADV lifted its holdings in shares of Intel by 2,004.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,052,486 shares of the chip maker’s stock worth $21,813,000 after purchasing an additional 1,002,470 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Intel by 1.5% during the second quarter. Advisors Asset Management Inc. now owns 599,661 shares of the chip maker’s stock worth $29,809,000 after purchasing an additional 9,130 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Intel

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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