Intel (INTC) Given Neutral Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their neutral rating on shares of Intel (NASDAQ:INTC) in a research note published on Monday. They currently have a $54.00 price objective on the chip maker’s stock.

Other analysts have also recently issued reports about the company. Credit Suisse Group lowered their price objective on Intel from $65.00 to $58.00 and set a buy rating on the stock in a research report on Friday, July 27th. B. Riley lowered their price target on Intel from $65.00 to $63.00 and set a buy rating on the stock in a research report on Friday, July 27th. Needham & Company LLC reiterated a buy rating and issued a $60.00 price target on shares of Intel in a research report on Friday, July 27th. Robert W. Baird set a $64.00 price target on Intel and gave the company a buy rating in a research report on Thursday, July 12th. Finally, UBS Group upgraded Intel from a hold rating to a buy rating in a research report on Tuesday, July 31st. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $55.33.

Shares of INTC traded up $1.95 on Monday, reaching $47.35. 18,024,593 shares of the stock traded hands, compared to its average volume of 33,457,596. The stock has a market cap of $213.75 billion, a PE ratio of 13.68, a P/E/G ratio of 1.20 and a beta of 0.97. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel has a 12 month low of $42.04 and a 12 month high of $57.60.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. Equities analysts forecast that Intel will post 4.53 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s payout ratio is presently 34.68%.

In other news, EVP Steven Ralph Rodgers sold 1,251 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total transaction of $60,510.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 3,498 shares of company stock worth $163,118 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Intel by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock valued at $2,558,294,000 after buying an additional 559,856 shares during the period. LSV Asset Management lifted its stake in Intel by 1.2% in the second quarter. LSV Asset Management now owns 25,064,455 shares of the chip maker’s stock valued at $1,245,954,000 after buying an additional 304,293 shares during the period. Fisher Asset Management LLC lifted its stake in Intel by 3.1% in the third quarter. Fisher Asset Management LLC now owns 24,155,799 shares of the chip maker’s stock valued at $1,142,328,000 after buying an additional 720,022 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Intel by 9.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,714,536 shares of the chip maker’s stock valued at $781,170,000 after buying an additional 1,308,534 shares during the period. Finally, Swiss National Bank lifted its stake in Intel by 3.1% in the second quarter. Swiss National Bank now owns 15,473,602 shares of the chip maker’s stock valued at $769,193,000 after buying an additional 458,600 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

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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Analyst Recommendations for Intel (NASDAQ:INTC)

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