Intel (NASDAQ:INTC) had its target price hoisted by Royal Bank of Canada to $54.00 in a research note released on Tuesday, The Fly reports. The brokerage currently has a sector perform rating on the chip maker’s stock.
Several other research firms have also recently issued reports on INTC. JPMorgan Chase set a $53.00 price target on shares of Intel and gave the stock a buy rating in a report on Thursday, January 4th. Oppenheimer reissued a hold rating on shares of Intel in a report on Thursday, January 4th. BidaskClub raised shares of Intel from a buy rating to a strong-buy rating in a report on Friday, March 9th. Stifel Nicolaus increased their price target on shares of Intel from $50.00 to $53.00 and gave the stock a buy rating in a report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on shares of Intel and gave the stock a buy rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $51.36.
NASDAQ INTC opened at $51.45 on Tuesday. The stock has a market cap of $239,061.98, a P/E ratio of 14.87, a PEG ratio of 1.71 and a beta of 0.95. Intel has a 52-week low of $33.23 and a 52-week high of $54.35. 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 also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. Intel’s dividend payout ratio is presently 34.68%.
In related news, EVP Navin Shenoy sold 1,643 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $49.28, for a total transaction of $80,967.04. Following the sale, the executive vice president now owns 22,453 shares in the company, valued at $1,106,483.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 74,456 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,886 shares of company stock worth $5,645,466. 0.03% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goodman Financial Corp purchased a new position in Intel during the fourth quarter worth approximately $102,000. Virtue Capital Management LLC purchased a new position in Intel during the fourth quarter worth approximately $109,000. Financial Engines Advisors L.L.C. purchased a new position in Intel during the third quarter worth approximately $119,000. Acrospire Investment Management LLC raised its stake in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the period. Finally, Delphi Private Advisors LLC raised its stake in Intel by 286.1% during the fourth 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 period. Hedge funds and other institutional investors own 69.03% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Intel (INTC) Price Target Raised to $54.00 at Royal Bank of Canada” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2018/04/25/intel-intc-price-target-raised-to-54-00-at-royal-bank-of-canada.html.
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.
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.