Intel (NASDAQ:INTC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Intel (NASDAQ:INTCFree Report) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other research analysts also recently issued reports on INTC. Citigroup dropped their price target on shares of Intel from $47.50 to $40.00 and set a neutral rating on the stock in a research report on Monday, April 15th. Needham & Company LLC restated a hold rating on shares of Intel in a research report on Friday, April 26th. TD Cowen dropped their price target on shares of Intel from $42.00 to $35.00 and set a hold rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company dropped their price target on shares of Intel from $43.00 to $38.00 and set an equal weight rating on the stock in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intel from $37.00 to $35.00 and set an underweight rating on the stock in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $39.58.

Read Our Latest Stock Report on INTC

Intel Stock Up 1.1 %

NASDAQ:INTC opened at $30.74 on Friday. The firm’s 50 day simple moving average is $33.30 and its 200 day simple moving average is $40.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel has a one year low of $29.73 and a one year high of $51.28. The company has a market cap of $130.86 billion, a PE ratio of 32.02, a P/E/G ratio of 14.50 and a beta of 1.06.

Intel (NASDAQ:INTCGet Free Report) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, research analysts anticipate that Intel will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.63%. Intel’s payout ratio is 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New Millennium Group LLC lifted its holdings in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in Intel during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC purchased a new stake in Intel during the first quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Intel during the fourth quarter valued at about $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for Intel (NASDAQ:INTC)

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