Macquarie Reaffirms Buy Rating for Intel (INTC)
INTC has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Intel from a hold rating to a buy rating and set a $57.00 price target for the company in a research report on Wednesday, June 27th. BidaskClub downgraded shares of Intel from a hold rating to a sell rating in a research report on Friday, September 7th. Nomura reiterated a neutral rating and set a $50.00 price target on shares of Intel in a research report on Friday, August 10th. Morgan Stanley lifted their price target on shares of Intel from $55.00 to $56.00 and gave the company a neutral rating in a research report on Friday, July 27th. Finally, Northland Securities downgraded shares of Intel from a market perform rating to an underperform rating in a research report on Monday, June 18th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $55.55.
Shares of NASDAQ:INTC opened at $44.93 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The stock has a market capitalization of $210.20 billion, a P/E ratio of 11.23, a PEG ratio of 1.29 and a beta of 0.97. Intel has a 52 week low of $35.97 and a 52 week high of $57.60.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Tuesday, August 7th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Intel’s dividend payout ratio (DPR) is 34.68%.
In other Intel news, EVP Steven Ralph Rodgers sold 2,213 shares of Intel stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total value of $116,027.59. Following the completion of the sale, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at approximately $1,219,941.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Holmes Swan bought 5,243 shares of the stock in a transaction on Monday, July 30th. The stock was purchased at an average cost of $47.69 per share, with a total value of $250,038.67. Following the completion of the purchase, the chief executive officer now directly owns 71,672 shares in the company, valued at approximately $3,418,037.68. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 4,077 shares of company stock valued at $205,757. Corporate insiders own 0.03% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in INTC. Hosking Partners LLP grew its stake in shares of Intel by 7.5% during the 4th quarter. Hosking Partners LLP now owns 328,062 shares of the chip maker’s stock valued at $15,143,000 after buying an additional 22,900 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Intel by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,516,606 shares of the chip maker’s stock valued at $162,327,000 after buying an additional 34,693 shares during the period. Mutual of Omaha Bank Wealth Management grew its stake in shares of Intel by 84.7% during the 4th quarter. Mutual of Omaha Bank Wealth Management now owns 29,958 shares of the chip maker’s stock valued at $1,383,000 after buying an additional 13,738 shares during the period. Greenleaf Trust grew its stake in shares of Intel by 8.5% during the 4th quarter. Greenleaf Trust now owns 73,466 shares of the chip maker’s stock valued at $3,391,000 after buying an additional 5,770 shares during the period. Finally, Davidson Investment Advisors grew its stake in shares of Intel by 45.2% during the 4th quarter. Davidson Investment Advisors now owns 9,580 shares of the chip maker’s stock valued at $442,000 after buying an additional 2,980 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.
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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