Intel (NASDAQ:INTC) had its target price lifted by UBS Group from $60.00 to $75.00 in a report released on Friday morning, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the chip maker’s stock.
INTC has been the topic of a number of other reports. Northland Securities reiterated a buy rating and issued a $69.00 price target on shares of Intel in a report on Tuesday, November 5th. KeyCorp reiterated a hold rating on shares of Intel in a report on Friday, October 25th. Cowen lifted their price target on shares of Intel from $53.00 to $55.00 and gave the company a market perform rating in a report on Tuesday, January 21st. Loop Capital set a $50.00 price target on shares of Intel and gave the company a hold rating in a report on Friday, October 18th. Finally, ValuEngine upgraded shares of Intel from a sell rating to a hold rating in a report on Friday, December 13th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the company. Intel has an average rating of Hold and an average target price of $65.00.
NASDAQ INTC traded down $1.82 on Friday, reaching $66.65. The company had a trading volume of 8,206,986 shares, compared to its average volume of 21,879,158. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $297.84 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.91. The firm’s 50 day moving average price is $59.25 and its 200 day moving average price is $53.65. Intel has a 12 month low of $42.86 and a 12 month high of $69.29.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $19.23 billion. Intel had a net margin of 29.25% and a return on equity of 29.01%. Intel’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. On average, research analysts expect that Intel will post 5.04 EPS for the current year.
Intel declared that its Board of Directors has approved a share repurchase program on Thursday, October 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the chip maker to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 7th will be paid a $0.33 dividend. This is a boost from Intel’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, February 6th. Intel’s dividend payout ratio (DPR) is presently 25.87%.
In other Intel news, Chairman Andy D. Bryant sold 46,932 shares of Intel stock in a transaction on Friday, November 15th. The shares were sold at an average price of $58.24, for a total value of $2,733,319.68. Following the completion of the transaction, the chairman now directly owns 425,491 shares of the company’s stock, valued at approximately $24,780,595.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank D. Yeary sold 12,545 shares of Intel stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $60.35, for a total transaction of $757,090.75. The disclosure for this sale can be found here. Insiders sold a total of 81,284 shares of company stock valued at $4,517,194 over the last three months. Corporate insiders own 0.02% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in INTC. Tower View Investment Management & Research LLC purchased a new position in shares of Intel during the 4th quarter worth about $31,000. Corbenic Partners LLC purchased a new position in shares of Intel during the 4th quarter worth about $41,000. Intercontinental Wealth Advisors LLC boosted its stake in shares of Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after purchasing an additional 450 shares during the period. Lenox Wealth Advisors LLC boosted its stake in shares of Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after purchasing an additional 540 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Intel by 114.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 976,135 shares of the chip maker’s stock worth $58,000 after purchasing an additional 521,534 shares during the period. 65.37% of the stock is owned by hedge funds and other 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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