Intel (NASDAQ:INTC) had its price objective reduced by Credit Suisse Group from $70.00 to $65.00 in a research report report published on Friday morning, AnalystRatings.net reports. They currently have a buy rating on the chip maker’s stock. The analysts noted that the move was a valuation call.
Other research analysts have also issued research reports about the company. Exane BNP Paribas lowered Intel from an outperform rating to an underperform rating and set a $47.00 price objective for the company. in a report on Friday, July 24th. Charter Equity reaffirmed a hold rating on shares of Intel in a research note on Friday, July 24th. Standpoint Research raised Intel from a hold rating to a buy rating in a research note on Tuesday, September 8th. 140166 upped their target price on Intel from $53.00 to $56.00 and gave the stock a neutral rating in a research note on Wednesday, October 21st. Finally, Morgan Stanley cut their target price on Intel from $65.00 to $61.00 and set an equal weight rating for the company in a research note on Friday, July 24th. Thirteen equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $57.76.
Shares of NASDAQ INTC opened at $46.72 on Friday. Intel has a 12 month low of $43.63 and a 12 month high of $69.29. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $198.70 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.50 and a beta of 0.72. The business has a 50-day moving average of $51.15 and a 200-day moving average of $55.40.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 22nd. The chip maker reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Intel had a return on equity of 31.55% and a net margin of 29.97%. The company had revenue of $18.33 billion during the quarter, compared to analyst estimates of $18.26 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Intel’s revenue was down 4.5% on a year-over-year basis. On average, analysts predict that Intel will post 4.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 annualized dividend and a yield of 2.83%. Intel’s payout ratio is 27.10%.
In other news, VP Kevin Thomas Mcbride sold 4,400 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $49.28, for a total value of $216,832.00. Following the transaction, the vice president now owns 14,214 shares of the company’s stock, valued at $700,465.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navin Shenoy sold 2,847 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $48.18, for a total value of $137,168.46. Following the completion of the transaction, the executive vice president now directly owns 71,807 shares in the company, valued at approximately $3,459,661.26. The disclosure for this sale can be found here. Insiders sold 7,491 shares of company stock worth $365,878 in the last ninety days. Corporate insiders own 0.04% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in Intel by 3.8% during the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares during the period. Advanced Asset Management Advisors Inc raised its stake in Intel by 34.8% during the 2nd quarter. Advanced Asset Management Advisors Inc now owns 92,979 shares of the chip maker’s stock valued at $5,563,000 after purchasing an additional 24,002 shares during the period. Ascent Wealth Partners LLC raised its stake in Intel by 3.1% during the 3rd quarter. Ascent Wealth Partners LLC now owns 137,966 shares of the chip maker’s stock valued at $7,143,000 after purchasing an additional 4,100 shares during the period. BHK Investment Advisors LLC raised its stake in Intel by 28.8% during the 3rd quarter. BHK Investment Advisors LLC now owns 10,271 shares of the chip maker’s stock valued at $532,000 after purchasing an additional 2,295 shares during the period. Finally, Alps Advisors Inc. raised its stake in Intel by 68.1% during the 2nd quarter. Alps Advisors Inc. now owns 77,606 shares of the chip maker’s stock valued at $4,644,000 after purchasing an additional 31,437 shares during the period. 64.41% of the stock is currently owned by institutional investors.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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