Intel’s (INTC) “Hold” Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada reissued their hold rating on shares of Intel Co. (NASDAQ:INTC) in a research report report published on Monday. The brokerage currently has a $37.00 price objective on the chip maker’s stock.
Several other equities analysts have also weighed in on INTC. B. Riley reaffirmed a buy rating and set a $44.00 target price on shares of Intel in a report on Monday, April 3rd. Citigroup Inc reaffirmed a hold rating on shares of Intel in a report on Saturday, February 11th. Zacks Investment Research lowered shares of Intel from a hold rating to a sell rating in a report on Wednesday, April 12th. Pacific Crest reaffirmed an overweight rating and set a $43.00 target price on shares of Intel in a report on Friday, February 10th. Finally, Vetr raised shares of Intel from a hold rating to a buy rating and set a $37.50 target price for the company in a report on Monday, April 10th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have issued a buy rating to the stock. Intel currently has an average rating of Hold and a consensus target price of $40.22.
Shares of Intel (NASDAQ:INTC) opened at 36.18 on Monday. The firm’s 50-day moving average is $35.64 and its 200-day moving average is $35.99. The stock has a market capitalization of $171.06 billion, a PE ratio of 17.07 and a beta of 1.03. Intel has a one year low of $29.50 and a one year high of $38.45.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm earned $16.40 billion during the quarter, compared to analyst estimates of $15.75 billion. Intel had a net margin of 17.37% and a return on equity of 20.95%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. On average, analysts expect that Intel will post $2.79 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.01%. This is an increase from Intel’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, May 3rd. Intel’s dividend payout ratio is 49.29%.
In related news, CEO Brian M. Krzanich sold 72,172 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $35.21, for a total value of $2,541,176.12. Following the completion of the transaction, the chief executive officer now directly owns 549,091 shares of the company’s stock, valued at $19,333,494.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 4,503 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $37.23, for a total value of $167,646.69. Following the completion of the transaction, the executive vice president now directly owns 108,712 shares of the company’s stock, valued at $4,047,347.76. The disclosure for this sale can be found here. Insiders sold 164,475 shares of company stock valued at $5,929,732 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Sfmg LLC increased its stake in Intel by 0.6% in the third quarter. Sfmg LLC now owns 6,354 shares of the chip maker’s stock valued at $240,000 after buying an additional 35 shares during the last quarter. Cordasco Financial Network increased its stake in Intel by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Hodges Capital Management Inc. increased its stake in Intel by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker’s stock valued at $593,000 after buying an additional 50 shares during the last quarter. First Hawaiian Bank increased its stake in Intel by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the last quarter. Finally, First Command Financial Services Inc. increased its stake in Intel by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares during the last quarter. 65.90% of the stock is owned by hedge funds and other institutional investors.
Intel Company Profile
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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