Several other research analysts have also weighed in on the stock. BidaskClub upgraded shares of Intel from a buy rating to a strong-buy rating in a research note on Friday, March 9th. Bank of America reaffirmed a buy rating and set a $61.00 target price (up previously from $52.00) on shares of Intel in a report on Thursday, March 8th. ValuEngine downgraded shares of Intel from a strong-buy rating to a buy rating in a report on Wednesday, March 7th. Nomura boosted their price objective on shares of Intel from $50.00 to $60.00 and gave the company a buy rating in a report on Monday, February 26th. Finally, Macquarie set a $55.00 price target on shares of Intel and gave the stock a buy rating in a report on Tuesday, February 6th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $50.17.
Shares of INTC stock traded down $0.32 during midday trading on Monday, hitting $51.24. 9,584,698 shares of the stock were exchanged, compared to its average volume of 35,741,715. Intel has a 52 week low of $33.23 and a 52 week high of $53.78. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $240,635.39, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 60.61%.
In related news, CEO Brian M. Krzanich sold 74,456 shares of Intel stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $3,623,773.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock worth $6,011,490 over the last three months. Insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goodman Financial Corp bought a new stake in shares of Intel during the 4th quarter valued at $102,000. Virtue Capital Management LLC bought a new stake in shares of Intel during the 4th quarter valued at $109,000. Financial Engines Advisors L.L.C. bought a new stake in shares of Intel during the 3rd quarter valued at $119,000. Acrospire Investment Management LLC boosted its holdings in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares in the last quarter. Finally, Delphi Private Advisors LLC boosted its holdings in shares of Intel by 286.1% during the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after buying an additional 2,157 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.
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Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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