Northland Securities upgraded shares of Intel (NASDAQ:INTC) from an under perform rating to a market perform rating in a research note released on Thursday morning, Marketbeat.com reports.

INTC has been the subject of several 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 lowered shares of Intel from a hold rating to a sell rating in a research report on Friday, September 7th. Nomura restated a neutral rating and set a $50.00 price target on shares of Intel in a research report on Friday, August 10th. Morgan Stanley upped 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, Summit Insights lowered shares of Intel from a buy rating to a hold rating in a research report on Friday, July 27th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $55.55.

NASDAQ INTC opened at $45.54 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Intel has a 12-month low of $36.22 and a 12-month high of $57.60. The stock has a market cap of $210.20 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. sell-side analysts predict that Intel will post 4.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Intel’s payout ratio is currently 34.68%.

In related news, EVP Steven Ralph Rodgers sold 1,251 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total value of $60,510.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in INTC. SP Asset Management bought a new position in shares of Intel during the second quarter valued at approximately $2,590,000. HRT Financial LLC bought a new position in shares of Intel during the second quarter valued at approximately $4,357,000. Chicago Partners Investment Group LLC increased its stake in shares of Intel by 22.9% during the second quarter. Chicago Partners Investment Group LLC now owns 22,467 shares of the chip maker’s stock valued at $1,117,000 after purchasing an additional 4,182 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Intel during the second quarter valued at approximately $2,127,000. Finally, Farmers National Bank increased its stake in shares of Intel by 10.4% during the second quarter. Farmers National Bank now owns 43,468 shares of the chip maker’s stock valued at $2,161,000 after purchasing an additional 4,080 shares in the last quarter. 65.50% of the stock is 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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