Intel (NASDAQ:INTC) Earns Hold Rating from Truist Financial

Truist Financial reaffirmed their hold rating on shares of Intel (NASDAQ:INTCFree Report) in a research note released on Wednesday, Benzinga reports. They currently have a $45.00 price target on the chip maker’s stock.

INTC has been the subject of a number of other research reports. Mizuho reduced their price objective on Intel from $58.00 to $55.00 and set a buy rating for the company in a research note on Friday, January 26th. Rosenblatt Securities reiterated a sell rating and set a $17.00 price objective on shares of Intel in a research note on Friday, February 23rd. Cantor Fitzgerald reiterated a neutral rating and set a $50.00 price objective on shares of Intel in a research note on Friday, February 2nd. Wells Fargo & Company cut their price target on Intel from $52.00 to $48.00 and set an equal weight rating for the company in a research note on Friday, January 26th. Finally, Raymond James cut their price target on Intel from $54.00 to $52.00 and set an outperform rating for the company in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $42.86.

View Our Latest Stock Report on Intel

Intel Stock Performance

Shares of INTC opened at $40.33 on Wednesday. The stock has a 50-day moving average of $43.63 and a two-hundred day moving average of $42.21. The stock has a market cap of $170.52 billion, a P/E ratio of 104.85, a P/E/G ratio of 4.64 and a beta of 1.00. Intel has a one year low of $26.85 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, research analysts predict that Intel will post 0.64 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Intel by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after acquiring an additional 4,678,169 shares during the last quarter. State Street Corp lifted its holdings in Intel by 1.2% in the second quarter. State Street Corp now owns 181,557,033 shares of the chip maker’s stock valued at $6,071,267,000 after acquiring an additional 2,237,616 shares during the last quarter. Capital International Investors lifted its holdings in Intel by 0.3% in the fourth quarter. Capital International Investors now owns 96,617,951 shares of the chip maker’s stock valued at $4,855,099,000 after acquiring an additional 318,495 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Intel by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after acquiring an additional 475,636 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Intel by 29.8% in the fourth quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

(Get Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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