Intel (NASDAQ:INTC) Receives “Neutral” Rating from Wedbush

Wedbush reissued their neutral rating on shares of Intel (NASDAQ:INTCFree Report) in a research note released on Wednesday morning, Benzinga reports. They currently have a $40.00 target price on the chip maker’s stock.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Intel from $38.00 to $45.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. Mizuho lowered their target price on shares of Intel from $58.00 to $55.00 and set a buy rating on the stock in a report on Friday, January 26th. Wells Fargo & Company lowered their target price on shares of Intel from $52.00 to $48.00 and set an equal weight rating on the stock in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intel from $38.00 to $42.00 and gave the stock a hold rating in a report on Monday, December 18th. Finally, Barclays increased their price objective on shares of Intel from $32.00 to $44.00 and gave the stock an equal weight rating in a report on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $42.86.

Read Our Latest Stock Analysis on INTC

Intel Trading Down 8.2 %

Shares of Intel stock opened at $40.33 on Wednesday. The company’s fifty day moving average price is $43.63 and its two-hundred day moving average price is $42.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel has a 52-week low of $26.85 and a 52-week high of $51.28. The firm has a market capitalization of $170.52 billion, a PE ratio of 104.85, a price-to-earnings-growth ratio of 4.64 and a beta of 1.00.

Intel (NASDAQ:INTCGet Free Report) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts expect that Intel will post 0.64 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.24%. Intel’s dividend payout ratio is 128.21%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

A number of large investors have recently bought and sold shares of the business. Campbell Capital Management Inc. bought a new stake in Intel during the 1st quarter worth approximately $6,895,000. IMPACTfolio LLC bought a new stake in Intel during the 1st quarter worth approximately $214,000. HighPoint Advisor Group LLC bought a new stake in Intel during the 4th quarter worth approximately $4,180,000. Quadrature Capital Ltd bought a new position in shares of Intel during the 4th quarter worth approximately $24,011,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Intel during the 4th quarter worth approximately $153,000. 64.53% of the stock is owned by institutional investors.

Intel Company Profile

(Get Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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