Intel Co. (INTC) Given Average Recommendation of “Hold” by Brokerages

Intel Co. (NASDAQ:INTC) has earned an average recommendation of “Hold” from the forty-five brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.02.

INTC has been the subject of a number of recent research reports. KeyCorp restated an “overweight” rating and set a $60.00 price target (down from $65.00) on shares of Intel in a research note on Thursday, July 5th. Robert W. Baird set a $64.00 price target on Intel and gave the company a “buy” rating in a research note on Thursday, July 12th. Royal Bank of Canada restated a “neutral” rating and set a $60.00 price target on shares of Intel in a research note on Monday, July 16th. Stifel Nicolaus restated a “neutral” rating and set a $60.00 price target on shares of Intel in a research note on Monday, July 16th. Finally, Citigroup downgraded Intel from a “buy” rating to a “neutral” rating and set a $64.00 price target for the company. in a research note on Friday, July 27th.

Intel stock opened at $46.88 on Thursday. The stock has a market cap of $213.75 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.19 and a beta of 0.97. Intel has a 52-week low of $42.04 and a 52-week high of $57.60. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.56%. Intel’s dividend payout ratio is presently 34.68%.

In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quad Cities Investment Group LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $107,000. Elmwood Wealth Management Inc. purchased a new stake in shares of Intel during the 1st quarter worth approximately $110,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Intel during the 1st quarter worth approximately $120,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Intel by 375.2% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Ironwood Financial llc raised its holdings in shares of Intel by 429.0% during the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after acquiring an additional 2,145 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

About Intel

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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