Intel Corporation (NASDAQ:INTC)‘s stock had its “underperform” rating reaffirmed by stock analysts at Raymond James Financial, Inc. in a note issued to investors on Friday, MarketBeat.com reports.

Other analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a report on Thursday, February 16th. Robert W. Baird restated a “buy” rating and set a $42.00 price target on shares of Intel Corporation in a research report on Tuesday, March 14th. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a research report on Tuesday, March 14th. MKM Partners started coverage on shares of Intel Corporation in a research report on Wednesday, February 22nd. They set a “buy” rating and a $42.00 price target for the company. Finally, Loop Capital restated a “buy” rating and set a $42.00 price target on shares of Intel Corporation in a research report on Wednesday, March 15th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.42.

Analyst Recommendations for Intel Corporation (NASDAQ:INTC)

Intel Corporation (NASDAQ:INTC) opened at 35.51 on Friday. Intel Corporation has a 12 month low of $30.44 and a 12 month high of $38.45. The firm’s 50-day moving average is $36.01 and its 200 day moving average is $36.14. The stock has a market capitalization of $167.22 billion, a P/E ratio of 15.37 and a beta of 0.98.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $14.80 billion for the quarter, compared to analysts’ expectations of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities analysts anticipate that Intel Corporation will post $2.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th were paid a $0.2725 dividend. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, May 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.07%. Intel Corporation’s dividend payout ratio (DPR) is presently 47.39%.

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In other news, insider Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total value of $60,397.15. Following the sale, the insider now owns 113,357 shares in the company, valued at $4,177,205.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $36.96, for a total transaction of $78,318.24. Following the completion of the sale, the insider now owns 107,285 shares in the company, valued at approximately $3,965,253.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,821 shares of company stock worth $1,734,851. 0.09% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Stuart Chaussee & Associates Inc. boosted its position in shares of Intel Corporation by 2.2% in the first quarter. Stuart Chaussee & Associates Inc. now owns 2,896 shares of the chip maker’s stock valued at $104,000 after buying an additional 61 shares during the period. Watermark Asset Management Inc. purchased a new position in shares of Intel Corporation during the first quarter valued at approximately $113,000. America First Investment Advisors LLC boosted its position in shares of Intel Corporation by 3.7% in the first quarter. America First Investment Advisors LLC now owns 3,592 shares of the chip maker’s stock valued at $130,000 after buying an additional 128 shares during the period. Fusion Family Wealth LLC purchased a new position in shares of Intel Corporation during the fourth quarter valued at approximately $133,000. Finally, Orrstown Financial Services Inc. boosted its position in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the period. 68.14% of the stock is owned by hedge funds and other institutional investors.

Intel Corporation Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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