Intel Co. (NASDAQ:INTC) Receives $41.48 Consensus PT from Analysts

Shares of Intel Co. (NASDAQ:INTCGet Free Report) have received an average rating of “Hold” from the twenty-nine brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $41.48.

A number of analysts recently weighed in on the stock. Wedbush lowered their price objective on shares of Intel from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Stifel Nicolaus upped their price objective on shares of Intel from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. HSBC lowered their price objective on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, January 26th. Benchmark boosted their target price on shares of Intel from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Susquehanna boosted their target price on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th.

View Our Latest Stock Analysis on Intel

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’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 transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTC. CVA Family Office LLC raised its stake in Intel by 14.0% in the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after purchasing an additional 808 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in Intel by 30.1% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 378,413 shares of the chip maker’s stock valued at $12,654,000 after purchasing an additional 87,626 shares during the last quarter. Shepherd Financial Partners LLC raised its stake in Intel by 3.4% in the 2nd quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock valued at $613,000 after purchasing an additional 607 shares during the last quarter. Mechanics Financial Corp raised its stake in Intel by 13.5% in the 2nd quarter. Mechanics Financial Corp now owns 8,682 shares of the chip maker’s stock valued at $290,000 after purchasing an additional 1,032 shares during the last quarter. Finally, MV Capital Management Inc. raised its stake in Intel by 7.0% in the 2nd quarter. MV Capital Management Inc. now owns 7,326 shares of the chip maker’s stock valued at $245,000 after purchasing an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Intel Stock Up 1.9 %

Shares of INTC opened at $43.31 on Thursday. The firm has a market capitalization of $183.11 billion, a P/E ratio of 111.05, a P/E/G ratio of 3.97 and a beta of 1.02. Intel has a 12-month low of $24.73 and a 12-month high of $51.28. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $46.00 and a 200-day moving average price of $40.06.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $15.16 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts expect that Intel will post 0.72 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.15%. Intel’s dividend payout ratio is presently 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.

Further Reading

Analyst Recommendations for Intel (NASDAQ:INTC)

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