Intel Co. (NASDAQ:INTC) Receives Average Rating of “Hold” from Analysts

Shares of Intel Co. (NASDAQ:INTC) have earned an average recommendation of “Hold” from the thirty research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.58.

INTC has been the topic of several recent analyst reports. Mizuho dropped their price target on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company reduced their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Raymond James lowered their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Jefferies Financial Group started coverage on shares of Intel in a research report on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd.

Intel Trading Down 1.0 %

Shares of INTC opened at $31.42 on Friday. 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 has a 1-year low of $26.85 and a 1-year high of $51.28. The stock has a market capitalization of $133.75 billion, a P/E ratio of 32.73, a P/E/G ratio of 15.43 and a beta of 1.09. The business’s 50-day moving average price is $36.24 and its 200 day moving average price is $41.66.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Analysts expect that Intel will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

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

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

Institutional investors have recently made changes to their positions in the business. Slow Capital Inc. lifted its position in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares during the period. Altus Wealth Group LLC grew its holdings in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the last quarter. Alera Investment Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth about $201,000. Callan Capital LLC lifted its holdings in Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Prosperity Wealth Management Inc. acquired a new position in Intel in the fourth quarter valued at about $293,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.