Intel (INTC) Given a $58.00 Price Target at Credit Suisse Group
Credit Suisse Group set a $58.00 price target on Intel (NASDAQ:INTC) in a research report report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the chip maker’s stock.
Other analysts also recently issued research reports about the company. Wells Fargo & Co lowered their price objective on Intel from $60.00 to $55.00 and set a market perform rating for the company in a research report on Thursday. Zacks Investment Research upgraded Intel from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Wednesday, March 27th. BidaskClub upgraded Intel from a buy rating to a strong-buy rating in a research report on Friday, April 5th. Goldman Sachs Group reiterated a sell rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, New Street Research set a $65.00 price objective on Intel and gave the company a buy rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $54.49.
NASDAQ:INTC traded down $0.42 during mid-day trading on Thursday, reaching $46.20. The stock had a trading volume of 39,141,750 shares, compared to its average volume of 24,449,840. The company has a market capitalization of $242.10 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.61 and a beta of 0.75. Intel has a one year low of $42.36 and a one year high of $59.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is currently 27.51%.
In other Intel news, VP Kevin Thomas Mcbride sold 518 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total value of $26,588.94. Following the transaction, the vice president now owns 8,274 shares of the company’s stock, valued at $424,704.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the transaction, the insider now directly owns 76,855 shares in the company, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,320 shares of company stock worth $5,343,843. Corporate insiders own 0.02% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Schmidt P J Investment Management Inc. lifted its stake in shares of Intel by 0.3% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 70,784 shares of the chip maker’s stock valued at $3,801,000 after purchasing an additional 178 shares during the last quarter. Bangor Savings Bank lifted its stake in shares of Intel by 0.9% during the 1st quarter. Bangor Savings Bank now owns 21,839 shares of the chip maker’s stock worth $1,173,000 after acquiring an additional 186 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Intel by 2.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 9,765 shares of the chip maker’s stock worth $524,000 after acquiring an additional 188 shares during the last quarter. Unison Advisors LLC lifted its stake in shares of Intel by 0.6% during the 1st quarter. Unison Advisors LLC now owns 30,096 shares of the chip maker’s stock worth $1,616,000 after acquiring an additional 189 shares during the last quarter. Finally, Quad Cities Investment Group LLC lifted its stake in shares of Intel by 9.4% during the 4th quarter. Quad Cities Investment Group LLC now owns 2,353 shares of the chip maker’s stock worth $110,000 after acquiring an additional 203 shares during the last quarter. 64.80% of the stock is currently owned by institutional investors.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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