Intel Co. (NASDAQ:INTC) Receives Consensus Rating of “Hold” from Analysts

Shares of Intel Co. (NASDAQ:INTCGet Free Report) have been given a consensus recommendation of “Hold” by the twenty-nine brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $41.48.

A number of research firms have commented on INTC. Barclays lifted their target price on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Truist Financial dropped their price target on shares of Intel from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, January 26th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, January 23rd. Raymond James dropped their price target on shares of Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Finally, Susquehanna lifted their target price on shares of Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th.

Get Our Latest Report on Intel

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Cantor Fitzgerald Investment Advisor L.P increased its stake in Intel by 173.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after buying an additional 342,649 shares during the period. Axiom Financial Strategies LLC increased its position in shares of Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Intel in the 1st quarter valued at approximately $142,000. Retirement Income Solutions Inc increased its position in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Intel by 26.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after purchasing an additional 1,244,247 shares during the last quarter. 60.84% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC opened at $44.03 on Thursday. The company has a market capitalization of $186.16 billion, a P/E ratio of 112.90, a price-to-earnings-growth ratio of 4.04 and a beta of 1.02. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $46.03 and a 200 day moving average of $40.17. Intel has a twelve month low of $24.73 and a twelve month high of $51.28.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel will post 0.72 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. Intel’s payout ratio is 128.21%.

About Intel

(Get Free Report

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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