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

Shares of Intel Co. (NASDAQ:INTCGet Rating) have been assigned an average recommendation of “Hold” from the thirty-three research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $54.61.

A number of research analysts have issued reports on the company. Citigroup reduced their price target on Intel from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, January 27th. Northland Securities upgraded Intel from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Wednesday, January 5th. Mizuho cut their price objective on Intel from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 27th. Tigress Financial upped their price objective on Intel from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. Finally, Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 23rd.

INTC stock traded down $0.45 during trading on Monday, reaching $46.57. 30,328,676 shares of the company’s stock were exchanged, compared to its average volume of 39,146,648. The company has a quick ratio of 1.71, a current ratio of 2.10 and a debt-to-equity ratio of 0.35. Intel has a 1-year low of $43.63 and a 1-year high of $68.49. The company’s fifty day moving average price is $47.88 and its 200-day moving average price is $50.31. The firm has a market cap of $190.41 billion, a PE ratio of 9.58, a P/E/G ratio of 1.80 and a beta of 0.55.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Wednesday, January 26th. The chip maker reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. Intel had a return on equity of 25.52% and a net margin of 25.14%. The company had revenue of $19.53 billion during the quarter, compared to analyst estimates of $18.36 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Intel will post 3.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Monday, February 7th were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Friday, February 4th. This is an increase from Intel’s previous quarterly dividend of $0.35. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.14%. Intel’s dividend payout ratio (DPR) is 30.04%.

In other news, EVP Steven Ralph Rodgers sold 3,863 shares of the stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $48.81, for a total transaction of $188,553.03. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Omar Ishrak acquired 11,025 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were bought at an average cost of $45.11 per share, for a total transaction of $497,337.75. The disclosure for this purchase can be found here. 0.02% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Garrett Investment Advisors LLC grew its position in shares of Intel by 1.3% in the fourth quarter. Garrett Investment Advisors LLC now owns 15,090 shares of the chip maker’s stock valued at $777,000 after purchasing an additional 192 shares during the last quarter. White Lighthouse Investment Management Inc. grew its position in shares of Intel by 2.6% in the third quarter. White Lighthouse Investment Management Inc. now owns 8,003 shares of the chip maker’s stock valued at $426,000 after purchasing an additional 200 shares during the last quarter. Avestar Capital LLC grew its position in shares of Intel by 3.7% in the third quarter. Avestar Capital LLC now owns 5,666 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 200 shares during the last quarter. Sax Wealth Advisors LLC grew its position in shares of Intel by 1.9% in the third quarter. Sax Wealth Advisors LLC now owns 10,752 shares of the chip maker’s stock valued at $573,000 after purchasing an additional 200 shares during the last quarter. Finally, Mount Vernon Associates Inc. MD grew its position in shares of Intel by 0.5% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 43,737 shares of the chip maker’s stock valued at $2,252,000 after purchasing an additional 200 shares during the last quarter. 61.73% of the stock is currently owned by institutional investors and hedge funds.

About Intel (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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