Intel Co. (NASDAQ:INTC) has been assigned an average rating of “Hold” from the thirty-eight brokerages that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $60.65.
Several research analysts have commented on INTC shares. Northland Securities started coverage on Intel in a research note on Monday, July 19th. They set a “sell” rating and a $42.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a report on Wednesday, September 8th. They set a “hold” rating and a $58.00 price target on the stock. Credit Suisse Group set a $52.62 price target on Intel in a report on Tuesday, July 27th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, July 9th. Finally, Wells Fargo & Company reduced their target price on Intel from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, July 23rd.
Several hedge funds have recently bought and sold shares of the company. Capital International Investors grew its stake in shares of Intel by 5.2% during the 2nd quarter. Capital International Investors now owns 105,043,103 shares of the chip maker’s stock worth $5,897,593,000 after acquiring an additional 5,214,436 shares during the period. Geode Capital Management LLC boosted its stake in Intel by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 76,627,150 shares of the chip maker’s stock worth $4,291,607,000 after purchasing an additional 2,777,060 shares during the period. Dimensional Fund Advisors LP boosted its stake in Intel by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,924,754 shares of the chip maker’s stock worth $2,185,413,000 after purchasing an additional 290,090 shares during the period. Primecap Management Co. CA boosted its stake in Intel by 2.1% in the 2nd quarter. Primecap Management Co. CA now owns 34,918,555 shares of the chip maker’s stock worth $1,960,328,000 after purchasing an additional 709,880 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Intel by 4.0% in the 2nd quarter. Fisher Asset Management LLC now owns 31,416,835 shares of the chip maker’s stock worth $1,763,741,000 after purchasing an additional 1,221,696 shares during the period. Institutional investors own 62.24% of the company’s stock.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.22. The business had revenue of $18.50 billion during the quarter, compared to the consensus estimate of $17.80 billion. Intel had a return on equity of 27.24% and a net margin of 23.91%. Intel’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, research analysts anticipate that Intel will post 4.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Sunday, November 7th will be paid a dividend of $0.3475 per share. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.39 annualized dividend and a dividend yield of 2.60%. Intel’s payout ratio is 26.23%.
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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