Intel Co. (NASDAQ:INTC) Given Consensus Recommendation of “Hold” by Brokerages

Intel Co. (NASDAQ:INTCGet Rating) has been given a consensus rating of “Hold” by the thirty-one analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.54.

INTC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $55.00 target price on Intel in a research report on Friday, February 18th. Mizuho reduced their target price on Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Bank of America reduced their target price on Intel from $55.00 to $52.00 and set an “underperform” rating on the stock in a research report on Thursday, January 27th. Truist Financial reduced their target price on Intel from $53.00 to $49.00 in a research report on Friday, April 8th. Finally, Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $55.00 to $47.00 in a research note on Thursday, March 3rd.

In other Intel news, CFO David Zinsner purchased 5,500 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was bought at an average cost of $44.73 per share, with a total value of $246,015.00. Following the acquisition, the chief financial officer now directly owns 8,803 shares of the company’s stock, valued at $393,758.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.02% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in INTC. Landmark Wealth Management LLC purchased a new position in Intel in the 1st quarter valued at $31,000. Joseph Group Capital Management purchased a new position in Intel in the 4th quarter valued at $887,000. Ulland Investment Advisors LLC purchased a new position in Intel in the 4th quarter valued at $26,000. Lansing Street Advisors purchased a new position in Intel in the 1st quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. grew its position in Intel by 2,835.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Shares of Intel stock opened at $42.00 on Tuesday. Intel has a one year low of $40.31 and a one year high of $58.42. The company has a market cap of $171.74 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 1.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. The business’s 50 day moving average price is $46.44 and its 200 day moving average price is $48.75.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Intel had a return on equity of 21.67% and a net margin of 31.68%. The firm had revenue of $18.40 billion for the quarter, compared to the consensus estimate of $18.32 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that Intel will post 3.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, May 5th. Intel’s dividend payout ratio (DPR) is 24.25%.

Intel Company Profile (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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