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

Shares of Intel Co. (NASDAQ:INTC) have been given a consensus recommendation of “Hold” by the twenty-eight analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.62.

INTC has been the topic of several research analyst reports. HSBC lowered their target price on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Bank of America lowered their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. TD Cowen lowered their price objective on shares of Intel from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, Wedbush reiterated a “neutral” rating and issued a $40.00 price objective on shares of Intel in a research note on Wednesday, April 17th.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares in the company, 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

Hedge funds and other institutional investors have recently modified their holdings of the company. New Millennium Group LLC lifted its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Intel in the fourth quarter worth $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel during the first quarter worth $27,000. Finally, Legacy Financial Group LLC bought a new stake in shares of Intel during the third quarter worth $30,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC opened at $34.41 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock has a market capitalization of $145.49 billion, a P/E ratio of 88.23, a P/E/G ratio of 3.07 and a beta of 1.00. The company’s 50-day simple moving average is $41.66 and its two-hundred day simple moving average is $42.37. Intel has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. As a group, analysts predict that Intel will post 0.61 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is currently 128.21%.

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.