BidaskClub upgraded shares of Intel (NASDAQ:INTC) from a strong sell rating to a sell rating in a research note published on Friday.

INTC has been the subject of several other research reports. Summit Insights lowered shares of Intel from a buy rating to a hold rating in a report on Friday, July 27th. Stifel Nicolaus restated a neutral rating and issued a $52.00 price target on shares of Intel in a report on Thursday, August 9th. Sanford C. Bernstein set a $54.00 price target on shares of Intel and gave the company a neutral rating in a report on Wednesday, June 6th. Barclays lowered shares of Intel from an overweight rating to an equal weight rating and reduced their price target for the company from $62.00 to $53.00 in a report on Monday, August 6th. Finally, Goldman Sachs Group lowered shares of Intel from a neutral rating to a sell rating and reduced their price target for the company from $49.00 to $44.00 in a report on Friday, August 10th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Intel presently has a consensus rating of Hold and an average price target of $55.40.

Intel stock opened at $46.91 on Friday. The stock has a market capitalization of $218.29 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. Intel has a 1 year low of $36.85 and a 1 year high of $57.60.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $16.96 billion during the quarter, compared to analysts’ expectations of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. research analysts expect that Intel will post 4.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. Intel’s dividend payout ratio (DPR) is presently 34.68%.

In related news, CEO Robert Holmes Swan purchased 5,243 shares of the business’s stock in a transaction on Monday, July 30th. The shares were acquired at an average price of $47.69 per share, for a total transaction of $250,038.67. Following the purchase, the chief executive officer now owns 71,672 shares of the company’s stock, valued at approximately $3,418,037.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the transaction, the executive vice president now owns 23,268 shares in the company, valued at approximately $1,219,941.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. increased its stake in Intel by 5.9% during the 1st quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock valued at $100,143,000 after purchasing an additional 106,635 shares in the last quarter. BancorpSouth Bank acquired a new position in Intel during the 4th quarter valued at approximately $6,306,000. James Hambro & Partners acquired a new position in Intel during the 4th quarter valued at approximately $305,000. Silvercrest Asset Management Group LLC increased its stake in Intel by 1.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock valued at $67,598,000 after purchasing an additional 12,285 shares in the last quarter. Finally, Altium Wealth Management LLC increased its stake in Intel by 32.2% during the 1st quarter. Altium Wealth Management LLC now owns 21,523 shares of the chip maker’s stock valued at $1,121,000 after purchasing an additional 5,243 shares in the last quarter. Institutional investors and hedge funds own 65.33% of the company’s stock.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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