ValuEngine cut shares of Intel (NASDAQ:INTC) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.
A number of other brokerages have also recently commented on INTC. UBS Group set a $51.00 price target on Intel and gave the stock a buy rating in a research report on Monday, January 29th. MKM Partners lifted their price target on Intel to $55.00 and gave the stock a buy rating in a research report on Friday, January 26th. Vetr cut Intel from a buy rating to a sell rating and set a $47.74 price target for the company. in a research report on Monday, January 29th. Citigroup began coverage on Intel in a research report on Tuesday, January 30th. They set a buy rating and a $58.00 price target for the company. Finally, Nomura reaffirmed a buy rating and set a $50.00 price target on shares of Intel in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $49.96.
Intel (NASDAQ:INTC) traded up $1.45 during trading on Wednesday, hitting $52.19. The stock had a trading volume of 32,730,000 shares, compared to its average volume of 35,130,000. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The firm has a market cap of $250,580.00, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01. Intel has a 52-week low of $33.23 and a 52-week high of $52.30.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is currently 38.34%.
In related news, EVP Navin Shenoy sold 2,155 shares of Intel stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total value of $98,332.65. Following the completion of the transaction, the executive vice president now owns 20,933 shares in the company, valued at approximately $955,172.79. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin Thomas Mcbride sold 686 shares of Intel stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in INTC. Beach Investment Management LLC. purchased a new stake in Intel during the 2nd quarter worth approximately $371,000. Westchester Capital Management Inc. increased its stake in Intel by 2.1% during the 2nd quarter. Westchester Capital Management Inc. now owns 260,448 shares of the chip maker’s stock worth $8,788,000 after buying an additional 5,480 shares in the last quarter. Signature Financial Management Inc. increased its stake in Intel by 16.9% during the 2nd quarter. Signature Financial Management Inc. now owns 17,084 shares of the chip maker’s stock worth $576,000 after buying an additional 2,472 shares in the last quarter. Bingham Osborn & Scarborough LLC increased its stake in Intel by 1.3% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 12,323 shares of the chip maker’s stock worth $416,000 after buying an additional 155 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in Intel by 4.5% during the 2nd quarter. United Asset Strategies Inc. now owns 37,211 shares of the chip maker’s stock worth $1,255,000 after buying an additional 1,616 shares in the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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