Loop Capital set a $50.00 target price on Intel (NASDAQ:INTC) in a research note published on Friday morning, TipRanks reports. The firm currently has a hold rating on the chip maker’s stock.

Several other research analysts also recently weighed in on INTC. Atlantic Securities initiated coverage on shares of Intel in a report on Monday, July 22nd. They set an underweight rating and a $38.00 price objective on the stock. Robert W. Baird set a $65.00 price objective on shares of Intel and gave the stock a buy rating in a report on Wednesday, September 4th. Citigroup restated a neutral rating and set a $53.00 price objective (up previously from $50.00) on shares of Intel in a report on Friday, July 26th. Deutsche Bank restated a buy rating and set a $62.00 price objective (up previously from $60.00) on shares of Intel in a report on Friday, July 26th. Finally, Northland Securities upgraded shares of Intel from an under perform rating to a market perform rating and set a $48.00 price objective on the stock in a report on Friday, August 16th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the stock. Intel has a consensus rating of Hold and an average price target of $53.79.

INTC opened at $52.11 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $50.98 and its two-hundred day moving average price is $49.47. Intel has a 1-year low of $42.36 and a 1-year high of $59.59. The company has a market cap of $229.74 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.58 and a beta of 0.91.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts forecast that Intel will post 4.38 earnings per share for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be given a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s payout ratio is currently 27.51%.

In related news, Director Frank D. Yeary sold 2,509 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.18, for a total transaction of $128,410.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Holmes Swan purchased 10,918 shares of Intel stock in a transaction that occurred on Wednesday, August 28th. The shares were bought at an average price of $45.70 per share, with a total value of $498,952.60. Following the transaction, the chief executive officer now owns 168,955 shares of the company’s stock, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 41,541 shares of company stock valued at $2,135,306. 0.02% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Intel by 0.6% during the second quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after purchasing an additional 2,219,241 shares during the period. BlackRock Inc. boosted its position in Intel by 0.3% during the second quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after purchasing an additional 961,771 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Intel by 6.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock worth $1,450,387,000 after purchasing an additional 1,952,840 shares during the period. Morgan Stanley boosted its position in Intel by 8.2% during the second quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock worth $1,318,484,000 after purchasing an additional 2,081,749 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Intel by 3.0% during the second quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock worth $1,271,292,000 after purchasing an additional 785,668 shares during the period. Hedge funds and other institutional investors own 65.94% of the company’s stock.

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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Analyst Recommendations for Intel (NASDAQ:INTC)

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