Brokerages Set Intel Co. (NASDAQ:INTC) Target Price at $53.44

Intel Co. (NASDAQ:INTC – Get Rating) has received an average recommendation of “Hold” from the twenty-nine research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $53.24.

A number of analysts have commented on INTC shares. Wedbush restated an “underperform” rating and issued a $45.00 price target on shares of Intel in a research report on Thursday, April 21st. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $55.00 to $47.00 in a research report on Thursday, March 3rd. Barclays set a $45.00 target price on Intel in a research report on Friday, April 29th. StockNews.com cut Intel from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 29th. Finally, DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Thursday, February 24th.

In other Intel news, CFO David Zinsner purchased 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average cost of $44.73 per share, with a total value of $246,015.00. Following the purchase, the chief financial officer now owns 8,803 shares of the company’s stock, valued at $393,758.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.02% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. EagleClaw Capital Managment LLC raised its holdings in Intel by 8.8% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 70,023 shares of the chip maker’s stock worth $3,737,000 after purchasing an additional 5,692 shares during the period. LPL Financial LLC raised its holdings in Intel by 8.1% in the 3rd quarter. LPL Financial LLC now owns 1,959,914 shares of the chip maker’s stock worth $104,424,000 after purchasing an additional 147,626 shares during the period. Voya Financial Advisors Inc. raised its holdings in Intel by 7.4% in the 3rd quarter. Voya Financial Advisors Inc. now owns 7,207 shares of the chip maker’s stock worth $386,000 after purchasing an additional 495 shares during the period. Verition Fund Management LLC acquired a new position in Intel in the 3rd quarter worth about $902,000. Finally, Thrivent Financial for Lutherans raised its holdings in Intel by 7.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 550,419 shares of the chip maker’s stock worth $29,432,000 after purchasing an additional 35,893 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Shares of INTC opened at $37.38 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $43.10 and a two-hundred day simple moving average of $47.39. The stock has a market cap of $152.85 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 1.41 and a beta of 0.60. Intel has a 52 week low of $36.60 and a 52 week high of $57.83.

Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $18.40 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a return on equity of 21.67% and a net margin of 31.68%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 earnings per share. On average, equities analysts anticipate that Intel will post 3.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Saturday, May 7th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, May 5th. Intel’s dividend payout ratio is currently 24.25%.

About Intel (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Read More