Intel (NASDAQ:INTC) Earns “Neutral” Rating from Mizuho

Mizuho reissued their neutral rating on shares of Intel (NASDAQ:INTCGet Rating) in a research report sent to investors on Tuesday morning, The Fly reports. The brokerage currently has a $32.00 price objective on the chip maker’s stock.

Several other brokerages also recently commented on INTC. Barclays raised shares of Intel from an underweight rating to an equal weight rating and set a $30.00 price objective for the company in a research report on Friday, October 28th. The Goldman Sachs Group set a $23.00 price objective on shares of Intel in a research report on Friday, October 7th. StockNews.com initiated coverage on shares of Intel in a research report on Wednesday, October 12th. They set a hold rating for the company. Bank of America cut their target price on Intel from $30.00 to $28.00 and set an underperform rating on the stock in a report on Friday, October 28th. Finally, Cowen initiated coverage on Intel in a report on Monday. They issued a market perform rating and a $31.00 target price on the stock. Nine analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $32.67.

Intel Stock Performance

Shares of INTC stock opened at $29.67 on Tuesday. The company has a market cap of $122.45 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 2.04 and a beta of 0.73. Intel has a 52 week low of $24.59 and a 52 week high of $56.28. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $27.78 and a 200-day moving average of $34.27.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, November 4th. Intel’s dividend payout ratio is presently 44.92%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 8,830 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was purchased at an average cost of $28.16 per share, with a total value of $248,652.80. Following the transaction, the chief executive officer now directly owns 96,049 shares in the company, valued at approximately $2,704,739.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Lip Bu Tan acquired 48,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $27.98 per share, with a total value of $1,347,125.08. Following the acquisition, the director now owns 50,500 shares in the company, valued at approximately $1,412,990. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 8,830 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average cost of $28.16 per share, with a total value of $248,652.80. Following the acquisition, the chief executive officer now owns 96,049 shares in the company, valued at approximately $2,704,739.84. The disclosure for this purchase can be found here. Insiders acquired a total of 58,830 shares of company stock valued at $1,646,744 in the last ninety days. 0.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Intel by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 361,644,210 shares of the chip maker’s stock valued at $9,319,571,000 after buying an additional 3,842,416 shares in the last quarter. BlackRock Inc. grew its holdings in Intel by 3.0% during the 1st quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock valued at $16,922,274,000 after buying an additional 10,103,061 shares in the last quarter. State Street Corp grew its holdings in Intel by 2.3% during the 3rd quarter. State Street Corp now owns 180,279,279 shares of the chip maker’s stock valued at $4,645,797,000 after buying an additional 4,129,574 shares in the last quarter. Primecap Management Co. CA grew its holdings in Intel by 7.2% during the 3rd quarter. Primecap Management Co. CA now owns 52,117,226 shares of the chip maker’s stock valued at $1,343,061,000 after buying an additional 3,518,980 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Intel by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 41,877,503 shares of the chip maker’s stock valued at $2,075,449,000 after acquiring an additional 1,627,363 shares during the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

Intel Company Profile

(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.

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