Intel (NASDAQ:INTC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Intel (NASDAQ:INTC) from a sell rating to a hold rating in a research report released on Friday morning.

A number of other equities research analysts have also weighed in on INTC. Stifel Nicolaus restated a hold rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Wedbush cut their price target on Intel from $40.00 to $32.50 and set a neutral rating on the stock in a research note on Friday, April 26th. Roth Mkm lowered their price objective on Intel from $45.00 to $35.00 and set a neutral rating for the company in a research report on Friday, April 26th. Sanford C. Bernstein cut their target price on Intel from $42.00 to $35.00 and set a market perform rating on the stock in a research report on Friday, April 26th. Finally, The Goldman Sachs Group decreased their target price on Intel from $34.00 to $30.00 and set a sell rating for the company in a research note on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of Hold and a consensus price target of $39.58.

Intel Stock Performance

INTC opened at $30.91 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $33.03 and its 200 day moving average price is $40.72. The firm has a market capitalization of $131.58 billion, a PE ratio of 32.20, a PEG ratio of 14.65 and a beta of 1.06. Intel has a twelve month low of $29.73 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. As a group, sell-side analysts expect that Intel will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.62%. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intel

A number of large investors have recently bought and sold shares of INTC. Norges Bank purchased a new stake in Intel during the 4th quarter worth about $2,424,202,000. Price T Rowe Associates Inc. MD raised its position in shares of Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after buying an additional 31,575,084 shares during the last quarter. Capital International Investors raised its position in shares of Intel by 16.0% in the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after buying an additional 15,475,631 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Intel by 102.6% during the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after buying an additional 8,140,835 shares during the period. Finally, Van ECK Associates Corp boosted its position in Intel by 44.8% during the first quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock worth $952,139,000 after acquiring an additional 6,673,086 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.