Intel (INTC) Rating Reiterated by Robert W. Baird

Robert W. Baird restated their buy rating on shares of Intel (NASDAQ:INTC) in a research note published on Tuesday. Robert W. Baird currently has a $64.00 price objective on the chip maker’s stock.

Other equities analysts have also issued reports about the stock. Credit Suisse Group lowered their target price on shares of Intel from $65.00 to $58.00 and set a buy rating for the company in a report on Friday, July 27th. B. Riley lowered their target price on shares of Intel from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, July 27th. Needham & Company LLC reiterated a buy rating and set a $60.00 target price on shares of Intel in a report on Friday, July 27th. UBS Group upgraded shares of Intel from a hold rating to a buy rating in a report on Tuesday, July 31st. Finally, DZ Bank upgraded shares of Intel from a hold rating to a buy rating in a report on Tuesday, July 31st. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have assigned a buy rating to the company. Intel currently has a consensus rating of Hold and an average target price of $55.33.

INTC stock opened at $47.76 on Tuesday. Intel has a 52-week low of $42.04 and a 52-week high of $57.60. The company has a market cap of $213.75 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.



Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The firm had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Sell-side analysts predict that Intel will post 4.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s payout ratio is 34.68%.

In other news, EVP Steven Ralph Rodgers sold 1,251 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total transaction of $60,510.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 3,498 shares of company stock valued at $163,118. Insiders own 0.03% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Financial Counselors Inc. lifted its stake in shares of Intel by 2.5% during the 3rd quarter. Financial Counselors Inc. now owns 494,761 shares of the chip maker’s stock valued at $23,397,000 after buying an additional 12,170 shares in the last quarter. Robecosam AG lifted its stake in shares of Intel by 11.1% during the 3rd quarter. Robecosam AG now owns 828,049 shares of the chip maker’s stock valued at $37,991,000 after buying an additional 82,950 shares in the last quarter. Regentatlantic Capital LLC lifted its stake in shares of Intel by 0.8% during the 3rd quarter. Regentatlantic Capital LLC now owns 481,618 shares of the chip maker’s stock valued at $22,776,000 after buying an additional 3,765 shares in the last quarter. Ropes Wealth Advisors LLC lifted its stake in shares of Intel by 20.5% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 97,192 shares of the chip maker’s stock valued at $4,596,000 after buying an additional 16,550 shares in the last quarter. Finally, Dubuque Bank & Trust Co. lifted its stake in shares of Intel by 5.4% during the 3rd quarter. Dubuque Bank & Trust Co. now owns 129,004 shares of the chip maker’s stock valued at $6,100,000 after buying an additional 6,610 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

About Intel

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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