Evercore ISI Begins Coverage on Intel (NASDAQ:INTC)

Evercore ISI began coverage on shares of Intel (NASDAQ:INTC) in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage issued an in-line rating and a $40.00 target price on the chip maker’s stock.

Several other research firms have also issued reports on INTC. Deutsche Bank Aktiengesellschaft upped their target price on Intel from $38.00 to $42.00 and gave the company a hold rating in a report on Monday, December 18th. Susquehanna reaffirmed a neutral rating and issued a $42.00 target price on shares of Intel in a report on Thursday, April 4th. Barclays upped their target price on Intel from $32.00 to $44.00 and gave the company an equal weight rating in a report on Tuesday, January 16th. Mizuho reduced their target price on Intel from $58.00 to $55.00 and set a buy rating for the company in a report on Friday, January 26th. Finally, Cantor Fitzgerald reaffirmed a neutral rating and issued a $50.00 target price on shares of Intel in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of Hold and a consensus target price of $42.69.

Intel Stock Performance

Shares of Intel stock opened at $36.26 on Tuesday. The company has a market cap of $153.31 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. The business has a 50 day moving average price of $42.32 and a 200-day moving average price of $42.40. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Equities analysts anticipate that Intel will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its position in Intel by 46.3% during the first quarter. MCF Advisors LLC now owns 33,300 shares of the chip maker’s stock valued at $1,471,000 after purchasing an additional 10,536 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Intel by 5.0% in the first quarter. Hodges Capital Management Inc. now owns 33,490 shares of the chip maker’s stock worth $1,479,000 after buying an additional 1,602 shares during the period. Firethorn Wealth Partners LLC purchased a new position in shares of Intel in the first quarter worth about $231,000. Pinnacle Bancorp Inc. increased its holdings in shares of Intel by 12.9% in the first quarter. Pinnacle Bancorp Inc. now owns 19,821 shares of the chip maker’s stock worth $875,000 after buying an additional 2,272 shares during the period. Finally, Capital Asset Advisory Services LLC increased its holdings in shares of Intel by 16.5% in the first quarter. Capital Asset Advisory Services LLC now owns 60,988 shares of the chip maker’s stock worth $2,694,000 after buying an additional 8,658 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

About Intel

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.