Credit Suisse Group Reiterates “Buy” Rating for Intel (INTC)

Credit Suisse Group reissued their buy rating on shares of Intel (NASDAQ:INTC) in a research report released on Friday morning, Borsen Zeitung reports. Credit Suisse Group currently has a $58.00 price target on the chip maker’s stock.

A number of other analysts have also issued reports on the stock. BidaskClub upgraded shares of Intel from a buy rating to a strong-buy rating in a research note on Friday, April 5th. New Street Research set a $65.00 price target on shares of Intel and gave the stock a buy rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of Intel from a hold rating to a buy rating and set a $60.00 price target for the company in a research note on Wednesday, March 27th. Goldman Sachs Group restated a sell rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Co lowered shares of Intel from an outperform rating to a market perform rating and lifted their price target for the stock from $55.00 to $60.00 in a research note on Friday, April 5th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $55.31.

INTC opened at $52.43 on Friday. The company has a market cap of $245.28 billion, a PE ratio of 11.45, a PEG ratio of 1.38 and a beta of 0.79. Intel has a 52-week low of $42.36 and a 52-week high of $59.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.71%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. Equities research analysts predict that Intel will post 4.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 27.51%.

In other news, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the completion of the transaction, the executive vice president now owns 48,140 shares of the company’s stock, valued at $2,647,700. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin Thomas Mcbride sold 518 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the transaction, the vice president now directly owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,913 shares of company stock valued at $3,430,502. 0.02% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in INTC. Oregon Public Employees Retirement Fund boosted its holdings in shares of Intel by 4,553.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock valued at $2,496,000 after acquiring an additional 114,601,152 shares during the period. Norges Bank bought a new stake in shares of Intel during the fourth quarter valued at about $2,141,842,000. Ronna Sue Cohen raised its stake in shares of Intel by 5,163.8% during the first quarter. Ronna Sue Cohen now owns 5,410,882 shares of the chip maker’s stock valued at $5,411,000 after purchasing an additional 5,308,088 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Intel by 29.2% during the third quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock valued at $620,690,000 after purchasing an additional 2,968,410 shares in the last quarter. Finally, Investec Asset Management LTD bought a new stake in shares of Intel during the fourth quarter valued at about $138,454,000. 64.79% of the stock is owned by institutional investors.

Intel Company Profile

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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Analyst Recommendations for Intel (NASDAQ:INTC)

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