Several analysts have recently updated their ratings and price targets for Intel (NASDAQ: INTC):

  • 10/4/2018 – Intel was given a new $54.00 price target on by analysts at BNP Paribas. They now have a “hold” rating on the stock.
  • 10/1/2018 – Intel was downgraded by analysts at Morgan Stanley from an “equal” rating to a “weight” rating.
  • 10/1/2018 – Intel was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $38.00 price target on the stock.
  • 10/1/2018 – Intel had its price target lowered by analysts at Royal Bank of Canada from $57.00 to $55.00. They now have a “sector perform” rating on the stock.
  • 10/1/2018 – Intel had its “neutral” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $52.00 price target on the stock.
  • 10/1/2018 – Intel had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $68.00 price target on the stock.
  • 10/1/2018 – Intel was given a new $55.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 10/1/2018 – Intel was given a new $65.00 price target on by analysts at Morningstar, Inc.. They now have a “buy” rating on the stock.
  • 9/30/2018 – Intel was given a new $60.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 9/27/2018 – Intel was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel is benefiting from robust performance of the Data Center Group, Internet-of-Things Group, Non-Volatile Memory Solutions and Programmable Solutions Group. These segments form the crux of Intel’s data-centric business model. The company’s strategy of expanding TAM beyond CPU to adjacent product lines like silicon photonics, fabric, network ASICs, and 3D XPoint memory is bearing fruit. Further, expanding customer base in the PSG segment drove top-line growth. Moreover, stable PC market is also positive for the company. Additionally, lower spending helped in expanding operating margins. Intel raised 2018 guidance based on these solid growth trends. However, delay in transition to 10-nm process is a concern. Moreover, intensifying competition remains a headwind. We note that Intel has underperformed the industry over the past one year.”
  • 9/26/2018 – Intel was given a new $54.00 price target on by analysts at BNP Paribas. They now have a “hold” rating on the stock.
  • 9/26/2018 – Intel was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Intel is benefiting from robust performance of the Data Center Group, Internet-of-Things Group, Non-Volatile Memory Solutions and Programmable Solutions Group. These segments form the crux of Intel’s data-centric business model. The company’s strategy of expanding TAM beyond CPU to adjacent product lines like silicon photonics, fabric, network ASICs, and 3D XPoint memory is bearing fruit. Further, expanding customer base in the PSG segment drove top-line growth. Moreover, stable PC market is also positive for the company. Additionally, lower spending helped in expanding operating margins. Intel raised 2018 guidance based on these solid growth trends. However, delay in transition to 10-nm process is a concern. Moreover, intensifying competition remains a headwind. We note that Intel has underperformed the industry over the past one year.”
  • 9/25/2018 – Intel was downgraded by analysts at Raymond James from a “market perform” rating to an “underperform” rating.
  • 9/25/2018 – Intel is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
  • 9/24/2018 – Intel had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $60.00 price target on the stock.
  • 9/21/2018 – Intel was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/19/2018 – Intel had its price target lowered by analysts at Morgan Stanley from $56.00 to $50.00. They now have a “weight” rating on the stock.
  • 9/14/2018 – Intel was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/14/2018 – Intel was given a new $54.00 price target on by analysts at BNP Paribas. They now have a “neutral” rating on the stock.
  • 9/13/2018 – Intel was upgraded by analysts at Northland Securities from an “under perform” rating to a “market perform” rating.
  • 9/10/2018 – Intel had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $60.00 price target on the stock.
  • 9/10/2018 – Intel had its price target lowered by analysts at Wells Fargo & Co from $58.00 to $55.00. They now have a “buy” rating on the stock.
  • 9/7/2018 – Intel was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/5/2018 – Intel was given a new $52.00 price target on by analysts at Stifel Nicolaus. They now have a “neutral” rating on the stock.
  • 8/30/2018 – Intel was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/29/2018 – Intel was given a new $65.00 price target on by analysts at Morningstar, Inc.. They now have a “buy” rating on the stock.
  • 8/29/2018 – Intel was given a new $60.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 8/28/2018 – Intel was given a new $54.00 price target on by analysts at BNP Paribas. They now have a “hold” rating on the stock.
  • 8/24/2018 – Intel had its price target lowered by analysts at MKM Partners to $58.00. They now have a “buy” rating on the stock.
  • 8/21/2018 – Intel was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/21/2018 – Intel was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel is benefiting from robust performance of the Data Center Group, Internet-of-Things Group, Non-Volatile Memory Solutions and Programmable Solutions Group. These segments form the crux of Intel’s data-centric business model. The company’s strategy of expanding TAM beyond CPU to adjacent product lines like silicon photonics, fabric, network ASICs, and 3D XPoint memory is bearing fruit. Further, expanding customer base in the PSG segment drove top-line growth. Moreover, stable PC market is also positive for the company. Additionally, lower spending helped in expanding operating margins. Intel raised 2018 guidance based on these solid growth trends. However, delay in transition to 10-nm process is a concern. Moreover, intensifying competition remains a headwind. We note that Intel has underperformed the industry over the past one year.”
  • 8/20/2018 – Intel was given a new $58.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 8/16/2018 – Intel was given a new $60.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 8/13/2018 – Intel had its price target lowered by analysts at Cowen Inc from $52.00 to $49.00. They now have a “market perform” rating on the stock.
  • 8/10/2018 – Intel was downgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “sell” rating. They now have a $44.00 price target on the stock, down previously from $49.00.
  • 8/10/2018 – Intel had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $50.00 price target on the stock.
  • 8/9/2018 – Intel was given a new $42.00 price target on by analysts at Sanford C. Bernstein. They now have a “sell” rating on the stock.
  • 8/9/2018 – Intel had its “neutral” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $52.00 price target on the stock.
  • 8/9/2018 – Intel was given a new $54.00 price target on by analysts at BNP Paribas. They now have a “neutral” rating on the stock.
  • 8/9/2018 – Intel had its “neutral” rating reaffirmed by analysts at Morgan Stanley. They now have a $56.00 price target on the stock.
  • 8/9/2018 – Intel had its “neutral” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $57.00 price target on the stock.
  • 8/9/2018 – Intel was given a new $65.00 price target on by analysts at Morningstar, Inc.. They now have a “buy” rating on the stock.
  • 8/9/2018 – Intel had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $60.00 price target on the stock.
  • 8/9/2018 – Intel had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $58.00 price target on the stock.
  • 8/9/2018 – Intel had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $68.00 price target on the stock.
  • 8/9/2018 – Intel had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $60.00 price target on the stock. They wrote, “Intel hosted its first Data-Centric Innovation Summit yesterday in Santa Clara, CA. The presentations highlighted the breadth of Intel’s silicon/hardware, software, memory, connectivity and server platform solutions for the Data-Centric market. While the Street seems myopically focused on the threat that AMD may gain up to 10% share of the server CPU market over the next 12-18 months, we believe this view underestimates the breadth of Intel’s Data-Centric product portfolio that its smaller competitor cannot match.””
  • 8/6/2018 – Intel was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $53.00 price target on the stock, down previously from $62.00.

Shares of INTC traded down $1.10 during mid-day trading on Friday, hitting $47.03. 28,894,800 shares of the stock were exchanged, compared to its average volume of 29,244,244. The stock has a market capitalization of $221.24 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. Intel Co. has a 52-week low of $38.98 and a 52-week high of $57.60. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The business had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. On average, sell-side analysts expect that Intel Co. will post 4.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be issued 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 2.55%. Intel’s dividend payout ratio (DPR) is 34.68%.

In other news, CEO Robert Holmes Swan acquired 5,243 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were acquired at an average cost of $47.69 per share, with a total value of $250,038.67. Following the acquisition, the chief executive officer now directly owns 71,672 shares of the company’s stock, valued at $3,418,037.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the sale, the executive vice president now directly owns 40,903 shares in the company, valued at $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold a total of 4,077 shares of company stock worth $205,757 over the last ninety days. Insiders own 0.03% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Elmwood Wealth Management Inc. purchased a new stake in Intel during the 1st quarter valued at $110,000. Quad Cities Investment Group LLC purchased a new stake in Intel during the 2nd quarter valued at $107,000. Financial Gravity Wealth Inc. purchased a new stake in Intel during the 1st quarter valued at $120,000. Virtue Capital Management LLC purchased a new stake in Intel during the 4th quarter valued at $109,000. Finally, WP Advisors LLC purchased a new stake in Intel during the 2nd quarter valued at $137,000. Institutional investors own 65.37% of the company’s stock.

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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