Shares of Intel Co. (NASDAQ:INTC) have earned a consensus rating of “Hold” from the forty ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $53.43.
Several research analysts recently issued reports on INTC shares. Evercore ISI reiterated a “hold” rating on shares of Intel in a research report on Sunday, October 28th. BidaskClub lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Cowen upped their target price on shares of Intel from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, October 26th. Goldman Sachs Group reiterated a “sell” rating and issued a $44.00 target price on shares of Intel in a research report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 target price on shares of Intel in a research report on Friday, January 25th.
Get Intel alerts:NASDAQ:INTC traded up $0.34 during midday trading on Friday, hitting $50.81. The company had a trading volume of 17,530,736 shares, compared to its average volume of 27,419,426. Intel has a 52-week low of $42.36 and a 52-week high of $57.60. The firm has a market capitalization of $228.49 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company had revenue of $18.66 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that Intel will post 4.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.48%. This is an increase from Intel’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, February 6th. Intel’s dividend payout ratio is 27.51%.
Intel declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the chip maker to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
In related news, EVP Navin Shenoy sold 4,522 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $50.00, for a total value of $226,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Holmes Swan purchased 5,117 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was bought at an average cost of $48.30 per share, with a total value of $247,151.10. Following the completion of the purchase, the chief executive officer now owns 131,839 shares of the company’s stock, valued at $6,367,823.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 18,039 shares of company stock valued at $870,162. Insiders own 0.03% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in Intel by 3.1% in the second quarter. Swiss National Bank now owns 15,473,602 shares of the chip maker’s stock worth $769,193,000 after purchasing an additional 458,600 shares during the period. Destination Wealth Management grew its holdings in Intel by 58.0% in the third quarter. Destination Wealth Management now owns 18,894 shares of the chip maker’s stock worth $894,000 after purchasing an additional 6,935 shares during the period. Howard Capital Management grew its holdings in Intel by 1.0% in the third quarter. Howard Capital Management now owns 348,361 shares of the chip maker’s stock worth $16,474,000 after purchasing an additional 3,552 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Intel by 71.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,875 shares of the chip maker’s stock worth $28,179,000 after purchasing an additional 236,450 shares during the period. Finally, Bollard Group LLC grew its holdings in Intel by 12.2% in the second quarter. Bollard Group LLC now owns 30,830 shares of the chip maker’s stock worth $1,533,000 after purchasing an additional 3,350 shares during the period. 66.38% of the stock is owned by institutional investors.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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