BidaskClub upgraded shares of Intel (NASDAQ:INTC) from a buy rating to a strong-buy rating in a research note released on Friday.
Several other equities analysts have also recently weighed in on the stock. Bank of America reiterated a buy rating and set a $61.00 price objective (up from $52.00) on shares of Intel in a research report on Thursday, March 8th. UBS Group set a $51.00 price objective on shares of Intel and gave the stock a buy rating in a research report on Monday, January 29th. ValuEngine cut shares of Intel from a strong-buy rating to a buy rating in a research report on Wednesday, March 7th. MKM Partners lifted their price objective on shares of Intel to $55.00 and gave the stock a buy rating in a research report on Friday, January 26th. Finally, Vetr cut shares of Intel from a buy rating to a sell rating and set a $47.74 price objective on the stock. in a research report on Monday, January 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Intel currently has a consensus rating of Buy and an average price target of $50.04.
Intel (NASDAQ INTC) opened at $51.52 on Friday. The stock has a market capitalization of $240,500.00, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. Intel has a twelve month low of $33.23 and a twelve month high of $52.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is presently 38.34%.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in INTC. Beach Investment Management LLC. acquired a new position in shares of Intel during the second quarter valued at about $371,000. Trillium Asset Management LLC raised its position in shares of Intel by 2.1% during the second quarter. Trillium Asset Management LLC now owns 8,946 shares of the chip maker’s stock valued at $302,000 after buying an additional 180 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Intel during the second quarter valued at about $363,000. Premier Asset Management LLC raised its position in shares of Intel by 10.1% during the second quarter. Premier Asset Management LLC now owns 23,049 shares of the chip maker’s stock valued at $777,000 after buying an additional 2,114 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its position in shares of Intel by 54.8% during the second quarter. WASHINGTON TRUST Co now owns 56,870 shares of the chip maker’s stock valued at $1,919,000 after buying an additional 20,133 shares during the last quarter. 69.22% of the stock is owned by hedge funds and other institutional investors.
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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