Northland Securities upgraded shares of Intel (NASDAQ:INTC) from an under perform rating to a market perform rating in a report issued on Friday, 24/7 WallStreet reports. Northland Securities currently has $48.00 price target on the chip maker’s stock.
INTC has been the topic of a number of other reports. Barclays restated a sell rating and issued a $40.00 price target on shares of Intel in a research note on Friday, July 26th. Morgan Stanley lifted their target price on shares of Intel from $61.00 to $64.00 and gave the stock an overweight rating in a research report on Friday, July 26th. Loop Capital began coverage on shares of Intel in a research report on Monday, August 12th. They set a hold rating and a $50.00 target price on the stock. Zacks Investment Research upgraded shares of Intel from a sell rating to a hold rating and set a $54.00 target price on the stock in a research report on Monday, July 29th. Finally, Goldman Sachs Group reiterated a sell rating and set a $47.00 target price on shares of Intel in a research report on Friday, July 26th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $54.19.
INTC opened at $47.23 on Friday. The company’s 50 day moving average is $48.79 and its 200-day moving average is $50.13. Intel has a 1-year low of $42.36 and a 1-year high of $59.59. 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 has a market cap of $202.45 billion, a P/E ratio of 10.31, a PEG ratio of 1.39 and a beta of 0.88.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same period last year, the company posted $1.04 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that Intel will post 4.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, August 6th. Intel’s payout ratio is currently 27.51%.
In related news, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the completion of the sale, the director now owns 44,400 shares of the company’s stock, valued at approximately $2,328,780. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 8,552 shares of Intel stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $46.78, for a total transaction of $400,062.56. Following the completion of the sale, the executive vice president now directly owns 68,833 shares of the company’s stock, valued at approximately $3,220,007.74. The disclosure for this sale can be found here. In the last three months, insiders sold 36,524 shares of company stock valued at $1,844,221. 0.02% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BKD Wealth Advisors LLC lifted its position in shares of Intel by 4.2% during the fourth quarter. BKD Wealth Advisors LLC now owns 56,172 shares of the chip maker’s stock worth $2,636,000 after purchasing an additional 2,276 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of Intel by 9.2% during the fourth quarter. IFM Investors Pty Ltd now owns 268,555 shares of the chip maker’s stock worth $12,603,000 after purchasing an additional 22,532 shares during the last quarter. Wealthquest Corp bought a new position in shares of Intel during the fourth quarter worth about $647,000. Jackson Grant Investment Advisers Inc. lifted its position in shares of Intel by 4.8% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 9,843 shares of the chip maker’s stock worth $462,000 after purchasing an additional 449 shares during the last quarter. Finally, Lenox Wealth Management Inc. lifted its position in shares of Intel by 14.8% during the fourth quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock worth $105,000 after purchasing an additional 289 shares during the last quarter. 66.17% of the stock is owned by institutional investors and hedge funds.
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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