Intel (NASDAQ:INTC) had its price target lowered by Mizuho from $58.00 to $56.00 in a report issued on Friday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the chip maker’s stock.
Several other research analysts have also recently weighed in on INTC. Wells Fargo & Co reduced their price objective on Intel from $60.00 to $55.00 and set a market perform rating for the company in a research report on Thursday, May 9th. Credit Suisse Group set a $58.00 price objective on Intel and gave the stock a buy rating in a research report on Thursday, May 9th. ValuEngine cut Intel from a hold rating to a sell rating in a research report on Thursday, May 9th. Zacks Investment Research raised Intel from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Wednesday, March 27th. Finally, BidaskClub raised Intel from a buy rating to a strong-buy rating in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $54.23.
INTC stock opened at $44.76 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $218.10 billion, a PE ratio of 9.77, a PEG ratio of 1.45 and a beta of 0.75. Intel has a fifty-two week low of $42.36 and a fifty-two week high of $59.59.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.02. The company had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. Intel’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. As a group, equities research analysts anticipate that Intel will post 4.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.82%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In other news, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $50.80, for a total value of $63,703.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin Thomas Mcbride sold 518 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the completion of the sale, the vice president now directly owns 8,274 shares of the company’s stock, valued at $424,704.42. The disclosure for this sale can be found here. Insiders have sold 100,320 shares of company stock valued at $5,343,843 over the last three months. Insiders own 0.02% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new position in shares of Intel during the fourth quarter worth approximately $28,000. Stone House Investment Management LLC bought a new position in shares of Intel during the first quarter worth approximately $32,000. Next Capital Management LLC bought a new position in shares of Intel during the fourth quarter worth approximately $46,000. Virtus ETF Advisers LLC bought a new position in shares of Intel during the fourth quarter worth approximately $48,000. Finally, Guidant Wealth Advisors increased its stake in shares of Intel by 234.9% during the first quarter. Guidant Wealth Advisors now owns 921 shares of the chip maker’s stock worth $49,000 after purchasing an additional 646 shares during the period. 64.80% of the stock is owned by 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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