Other equities analysts have also issued research reports about the stock. Raymond James upgraded shares of Intel from an underperform rating to a market perform rating in a research report on Wednesday, February 23rd. Sanford C. Bernstein set a $40.00 price target on shares of Intel in a report on Tuesday, February 15th. JPMorgan Chase & Co. set a $64.00 price target on shares of Intel in a report on Thursday, January 27th. Morgan Stanley downgraded shares of Intel from an equal weight rating to an underweight rating and cut their price target for the company from $55.00 to $47.00 in a report on Thursday, March 3rd. Finally, Mizuho cut their price target on shares of Intel from $55.00 to $53.00 and set a neutral rating for the company in a report on Thursday, January 27th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $54.25.
Intel stock opened at $43.59 on Friday. The company has a 50-day simple moving average of $47.45 and a 200-day simple moving average of $49.65. The firm has a market capitalization of $178.22 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.74 and a beta of 0.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.71 and a current ratio of 2.10. Intel has a one year low of $43.50 and a one year high of $58.43.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.35%. Intel’s dividend payout ratio is currently 24.25%.
In other Intel news, Director Omar Ishrak purchased 11,025 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average price of $45.11 per share, for a total transaction of $497,337.75. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger bought 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was purchased at an average price of $44.27 per share, for a total transaction of $247,912.00. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in INTC. Norges Bank bought a new position in Intel in the 4th quarter worth $2,080,248,000. BlackRock Inc. boosted its position in shares of Intel by 2.1% during the 4th quarter. BlackRock Inc. now owns 331,347,190 shares of the chip maker’s stock valued at $17,064,379,000 after acquiring an additional 6,936,922 shares in the last quarter. State Street Corp boosted its position in Intel by 3.7% in the fourth quarter. State Street Corp now owns 177,117,083 shares of the chip maker’s stock valued at $9,121,530,000 after buying an additional 6,279,484 shares in the last quarter. Generation Investment Management LLP boosted its position in Intel by 75.1% in the third quarter. Generation Investment Management LLP now owns 12,392,297 shares of the chip maker’s stock valued at $660,262,000 after buying an additional 5,313,431 shares in the last quarter. Finally, Atreides Management LP acquired a new position in Intel in the fourth quarter valued at about $214,503,000. Hedge funds and other institutional investors own 61.73% of the company’s stock.
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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