Intel Co. (NASDAQ:INTC) Given Average Rating of “Hold” by Analysts

Shares of Intel Co. (NASDAQ:INTC) have been given an average rating of “Hold” by the thirty ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.58.

INTC has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price objective on shares of Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Truist Financial cut their price target on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Friday, April 26th. Finally, Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th.

Intel Stock Down 0.0 %

Shares of Intel stock opened at $30.45 on Wednesday. The company has a market capitalization of $129.63 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 14.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The business has a 50-day moving average of $32.22 and a two-hundred day moving average of $40.34. Intel has a 1 year low of $29.73 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. As a group, equities analysts predict that Intel will post 0.09 EPS for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Large investors have recently modified their holdings of the stock. New Millennium Group LLC grew its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC bought a new position in Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new position in Intel during the first quarter valued at approximately $27,000. Finally, Raleigh Capital Management Inc. lifted its stake in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

About Intel

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.