Brokerages Set Intel Co. (INTC) PT at $53.88

Intel Co. (NASDAQ:INTC) has earned an average recommendation of “Hold” from the forty-three brokerages that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and twenty have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.88.

A number of research firms have recently weighed in on INTC. Royal Bank of Canada reissued a “neutral” rating and issued a $55.00 price objective on shares of Intel in a research report on Wednesday, January 23rd. Zacks Investment Research lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Needham & Company LLC lowered shares of Intel from a “buy” rating to a “hold” rating and cut their price objective for the company from $58.00 to $50.00 in a research report on Friday, January 25th. Northland Securities cut their price objective on shares of Intel to $38.00 and set an “underperform” rating for the company in a research report on Friday, January 25th. Finally, Charter Equity reissued a “mkt perform” rating on shares of Intel in a research report on Friday, January 25th.

Shares of INTC opened at $44.00 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $208.00 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.75. Intel has a 12-month low of $42.36 and a 12-month high of $59.59.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. The company had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, research analysts anticipate that Intel will post 4.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.86%. Intel’s dividend payout ratio is currently 27.51%.

In other Intel news, insider Venkata S. M. Renduchintala sold 37,989 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the completion of the sale, the insider now directly owns 76,855 shares in the company, valued at $4,011,062.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Navin Shenoy sold 14,493 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $768,563.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,802 shares of company stock valued at $5,317,254. 0.02% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tributary Capital Management LLC acquired a new stake in Intel in the fourth quarter worth about $28,000. Stone House Investment Management LLC bought a new position in Intel in the first quarter valued at about $32,000. Guidant Wealth Advisors raised its position in Intel by 234.9% in the first quarter. Guidant Wealth Advisors now owns 921 shares of the chip maker’s stock valued at $49,000 after purchasing an additional 646 shares during the last quarter. Harvest Group Wealth Management LLC bought a new position in Intel in the first quarter valued at about $52,000. Finally, Next Capital Management LLC bought a new position in Intel in the fourth quarter valued at about $46,000. Institutional investors own 63.69% 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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