Intel (NASDAQ:INTC) Now Covered by Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Intel (NASDAQ:INTC) in a research note released on Tuesday, Marketbeat.com reports. The brokerage issued an in-line rating and a $40.00 price target on the chip maker’s stock.

Other equities research analysts have also issued research reports about the company. UBS Group lifted their target price on Intel from $46.00 to $50.00 and gave the company a neutral rating in a research report on Monday, April 1st. Barclays lifted their target price on Intel from $32.00 to $44.00 and gave the company an equal weight rating in a research report on Tuesday, January 16th. Raymond James dropped their target price on Intel from $54.00 to $52.00 and set an outperform rating on the stock in a research report on Friday, January 26th. Wells Fargo & Company dropped their target price on Intel from $48.00 to $43.00 and set an equal weight rating on the stock in a research report on Tuesday, April 9th. Finally, Rosenblatt Securities reissued a sell rating and issued a $17.00 target price on shares of Intel in a research report on Friday, February 23rd. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $42.69.

Intel Trading Down 0.1 %

NASDAQ INTC opened at $36.26 on Tuesday. The firm has a market cap of $153.31 billion, a P/E ratio of 92.98, a P/E/G ratio of 3.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock’s 50-day moving average is $42.32 and its 200-day moving average is $42.40. Intel has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. Sell-side analysts anticipate that Intel will post 0.62 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.38%. Intel’s payout ratio is currently 128.21%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC raised its holdings in shares of Intel by 14.0% during the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after buying an additional 808 shares in the last quarter. Altus Wealth Group LLC raised its holdings in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth $201,000. Vanguard Capital Wealth Advisors raised its holdings in shares of Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after buying an additional 574 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Intel by 14.9% during the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after buying an additional 7,362 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

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.