Intel Co. (NASDAQ:INTC) Given Consensus Rating of “Hold” by Brokerages

Intel Co. (NASDAQ:INTC) has been given a consensus rating of “Hold” by the twenty-nine analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.75.

A number of brokerages recently issued reports on INTC. JPMorgan Chase & Co. dropped their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday. HSBC decreased their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Wells Fargo & Company cut their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Mizuho decreased their price objective on Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday.

Intel Price Performance

INTC stock opened at $31.36 on Tuesday. The stock has a market cap of $132.59 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00. The stock has a 50-day moving average price of $40.63 and a two-hundred day moving average price of $42.27. Intel has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.59%. Intel’s payout ratio is presently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. SkyOak Wealth LLC boosted its stake in Intel by 39.0% in the first quarter. SkyOak Wealth LLC now owns 8,904 shares of the chip maker’s stock valued at $393,000 after buying an additional 2,500 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Intel by 8.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 11,463 shares of the chip maker’s stock worth $506,000 after acquiring an additional 846 shares during the last quarter. OFI Invest Asset Management boosted its stake in shares of Intel by 91.8% in the 1st quarter. OFI Invest Asset Management now owns 103,896 shares of the chip maker’s stock valued at $4,417,000 after purchasing an additional 49,725 shares in the last quarter. Renaissance Investment Group LLC grew its holdings in shares of Intel by 10.9% during the 1st quarter. Renaissance Investment Group LLC now owns 11,370 shares of the chip maker’s stock valued at $502,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in Intel by 8.1% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 97,700 shares of the chip maker’s stock worth $4,315,000 after purchasing an additional 7,306 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.