Intel Co. (NASDAQ:INTC) Given Consensus Rating of “Hold” by Analysts

Shares of Intel Co. (NASDAQ:INTC) have earned a consensus rating of “Hold” from the twenty-nine brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.75.

Several brokerages have weighed in on INTC. Roth Mkm cut their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday. Sanford C. Bernstein cut their price target on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday. Raymond James dropped their target price on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Susquehanna dropped their target price on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Bank of America dropped their target price on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th.

Insider Transactions at Intel

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

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently modified their holdings of the company. Douglas Lane & Associates LLC boosted its stake in Intel by 3.6% in the third quarter. Douglas Lane & Associates LLC now owns 45,999 shares of the chip maker’s stock valued at $1,635,000 after acquiring an additional 1,600 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in Intel by 7.0% in the third quarter. Traynor Capital Management Inc. now owns 9,939 shares of the chip maker’s stock valued at $353,000 after acquiring an additional 648 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Intel by 8.5% during the third quarter. Flagship Harbor Advisors LLC now owns 30,164 shares of the chip maker’s stock worth $1,072,000 after buying an additional 2,369 shares during the period. Impact Partnership Wealth LLC boosted its stake in shares of Intel by 85.8% during the third quarter. Impact Partnership Wealth LLC now owns 4,162 shares of the chip maker’s stock worth $148,000 after buying an additional 1,922 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Intel by 70.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,648 shares of the chip maker’s stock worth $414,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $31.88 on Tuesday. The business’s 50-day moving average is $40.88 and its two-hundred day moving average is $42.27. The company has a market capitalization of $134.79 billion, a P/E ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00. 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 has a fifty-two week low of $26.85 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Research analysts predict that Intel will post 0.6 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 52.08%.

Intel Company Profile

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.