Intel (NASDAQ:INTC) had its price objective lifted by Argus to $65.00 in a report published on Monday morning. Argus currently has a buy rating on the chip maker’s stock. The analysts noted that the move was a valuation call.
A number of other brokerages have also recently weighed in on INTC. Barclays raised their price target on Intel from $55.00 to $60.00 and gave the company an overweight rating in a research report on Thursday, April 19th. BMO Capital Markets raised their price target on Intel to $62.00 and gave the company an outperform rating in a research report on Friday, April 27th. Bank of America reiterated a buy rating and set a $65.00 price objective on shares of Intel in a research report on Wednesday, April 18th. Vetr cut Intel from a buy rating to a hold rating and set a $54.70 price objective for the company. in a research report on Wednesday, April 18th. Finally, Morgan Stanley lifted their price objective on Intel from $43.00 to $54.00 and gave the stock an equal weight rating in a research report on Friday, April 27th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $55.32.
Shares of INTC stock opened at $52.28 on Monday. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $55.79. The firm has a market capitalization of $244,722.77, a PE ratio of 15.11, a PEG ratio of 1.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.
In related news, CEO Brian M. Krzanich sold 3,072 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $52.78, for a total transaction of $162,140.16. Following the transaction, the chief executive officer now directly owns 259,683 shares of the company’s stock, valued at approximately $13,706,068.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total value of $66,959.16. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $68,474.88. The disclosure for this sale can be found here. Insiders have sold a total of 98,803 shares of company stock worth $4,852,656 over the last three months. 0.03% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Goodman Financial Corp acquired a new position in Intel during the 4th quarter worth approximately $102,000. Virtue Capital Management LLC purchased a new stake in Intel during the 4th quarter worth approximately $109,000. Delphi Private Advisors LLC increased its holdings in Intel by 286.1% during the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after purchasing an additional 2,157 shares during the last quarter. PDS Planning Inc purchased a new stake in Intel during the 1st quarter worth approximately $159,000. Finally, First Dallas Securities Inc. purchased a new stake in Intel during the 4th quarter worth approximately $144,000. 69.02% of the stock is currently owned by hedge funds and other institutional investors.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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