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

Shares of Intel Co. (NASDAQ:INTC) have been assigned a consensus rating of “Hold” from the thirty-eight analysts that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $60.65.

INTC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, July 9th. Citigroup upped their target price on shares of Intel from $57.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 23rd. JPMorgan Chase & Co. set a $78.00 target price on shares of Intel in a research report on Thursday, August 26th. Morgan Stanley upped their target price on shares of Intel from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 23rd. Finally, Sanford C. Bernstein set a $43.00 price target on shares of Intel in a research report on Friday, July 23rd.

Shares of Intel stock traded up $0.13 during trading hours on Thursday, reaching $53.11. 840,834 shares of the company’s stock were exchanged, compared to its average volume of 28,303,594. Intel has a 1 year low of $43.61 and a 1 year high of $68.49. The company has a market capitalization of $215.47 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. The business has a fifty day moving average of $54.00 and a two-hundred day moving average of $57.56. The company has a quick ratio of 1.63, a current ratio of 1.99 and a debt-to-equity ratio of 0.37.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 22nd. The chip maker reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.22. Intel had a net margin of 23.91% and a return on equity of 27.24%. The business had revenue of $18.50 billion during the quarter, compared to analyst estimates of $17.80 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Intel will post 4.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Sunday, November 7th will be paid a $0.3475 dividend. This represents a $1.39 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, November 4th. Intel’s dividend payout ratio (DPR) is 26.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Roble Belko & Company Inc lifted its stake in shares of Intel by 125.9% in the first quarter. Roble Belko & Company Inc now owns 497 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 277 shares during the period. Harvest Group Wealth Management LLC acquired a new position in Intel during the second quarter worth about $30,000. Smith Asset Management Group LP acquired a new position in Intel during the second quarter worth about $34,000. Simon Quick Advisors LLC raised its position in Intel by 75.0% during the first quarter. Simon Quick Advisors LLC now owns 700 shares of the chip maker’s stock worth $44,000 after acquiring an additional 300 shares during the last quarter. Finally, Grandview Asset Management LLC acquired a new position in Intel during the first quarter worth about $25,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.

About Intel

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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