Intel’s (INTC) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Intel (NASDAQ:INTCFree Report) in a research note issued to investors on Wednesday, Benzinga reports. Stifel Nicolaus currently has a $45.00 target price on the chip maker’s stock.

INTC has been the subject of a number of other research reports. Barclays boosted their price objective on shares of Intel from $32.00 to $44.00 and gave the company an equal weight rating in a research report on Tuesday, January 16th. The Goldman Sachs Group boosted their price objective on shares of Intel from $34.00 to $39.00 and gave the company a sell rating in a research report on Friday, January 26th. Wedbush reissued a neutral rating and issued a $40.00 price objective on shares of Intel in a research report on Wednesday. Raymond James cut their price objective on shares of Intel from $54.00 to $52.00 and set an outperform rating for the company in a research report on Friday, January 26th. Finally, Susquehanna boosted their price objective on shares of Intel from $38.00 to $42.00 and gave the company a neutral rating in a research report on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $42.86.

View Our Latest Stock Report on Intel

Intel Stock Performance

NASDAQ:INTC opened at $40.33 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $43.63 and a two-hundred day moving average price of $42.21. Intel has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a market capitalization of $170.52 billion, a P/E 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, beating 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 firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts expect that Intel will post 0.64 earnings per share for the current fiscal year.

Intel Announces Dividend

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

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several institutional investors have recently added to or reduced their stakes in INTC. New Millennium Group LLC raised its holdings in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in Intel in the second quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new stake in Intel in the fourth quarter valued at $27,000. Burkett Financial Services LLC acquired a new stake in Intel in the fourth quarter valued at $27,000. Finally, Hanseatic Management Services Inc. acquired a new stake in Intel in the fourth quarter valued at $27,000. 64.53% of the stock is owned by institutional investors and hedge funds.

About Intel

(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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Analyst Recommendations for Intel (NASDAQ:INTC)

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