Intel (NASDAQ:INTC) had its price objective upped by B. Riley from $56.00 to $58.00 in a report published on Friday morning. They currently have a buy rating on the chip maker’s stock. B. Riley also issued estimates for Intel’s Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $4.53 EPS, Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.33 EPS, Q4 2019 earnings at $1.36 EPS, FY2019 earnings at $4.85 EPS, Q1 2020 earnings at $1.16 EPS, Q2 2020 earnings at $1.29 EPS, Q3 2020 earnings at $1.43 EPS and FY2020 earnings at $5.30 EPS.
INTC has been the subject of several other research reports. Summit Insights cut shares of Intel from a buy rating to a hold rating in a research report on Friday, July 27th. Macquarie set a $60.00 price target on shares of Intel and gave the company a buy rating in a research report on Monday. Stifel Nicolaus reissued a neutral rating and set a $52.00 price target on shares of Intel in a research report on Thursday, August 9th. Barclays cut shares of Intel from an overweight rating to an equal weight rating and dropped their price target for the company from $62.00 to $53.00 in a research report on Monday, August 6th. Finally, Morningstar set a $65.00 price target on shares of Intel and gave the company a buy rating in a research report on Monday, October 1st. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have issued a buy rating to the company. Intel presently has an average rating of Hold and an average price target of $55.33.
Shares of Intel stock opened at $45.40 on Friday. Intel has a 52-week low of $42.04 and a 52-week high of $57.60. The firm has a market capitalization of $213.75 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.20 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Intel’s dividend payout ratio is currently 34.68%.
In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the sale, the executive vice president now directly owns 30,324 shares in the company, valued at approximately $1,384,593.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 3,498 shares of company stock valued at $163,118. 0.03% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in INTC. Elmwood Wealth Management Inc. purchased a new position in shares of Intel in the first quarter worth approximately $110,000. Quad Cities Investment Group LLC purchased a new position in shares of Intel in the second quarter worth approximately $107,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel in the first quarter worth approximately $120,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Intel by 375.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after buying an additional 2,000 shares during the last quarter. Finally, Ironwood Financial llc boosted its holdings in shares of Intel by 429.0% in the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after buying an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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