New Street Research set a $65.00 price target on Intel (NASDAQ:INTC) in a report published on Tuesday, April 16th, TipRanks reports. The firm currently has a buy rating on the chip maker’s stock.
A number of other equities analysts have also recently commented on INTC. JPMorgan Chase & Co. reaffirmed a buy rating and issued a $64.00 target price on shares of Intel in a report on Friday, January 25th. Sanford C. Bernstein reaffirmed a sell rating and issued a $42.00 target price on shares of Intel in a report on Wednesday, April 3rd. Morgan Stanley raised Intel from an equal weight rating to an overweight rating and raised their target price for the stock from $55.00 to $64.00 in a report on Friday, February 22nd. Northland Securities decreased their target price on Intel to $38.00 and set an underperform rating on the stock in a report on Friday, January 25th. Finally, Needham & Company LLC cut Intel from a buy rating to a hold rating and decreased their target price for the stock from $58.00 to $50.00 in a report on Friday, January 25th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have issued a buy rating to the stock. Intel presently has an average rating of Hold and a consensus price target of $54.49.
Shares of Intel stock traded down $0.83 during midday trading on Tuesday, hitting $45.79. The company had a trading volume of 2,029,206 shares, compared to its average volume of 24,260,768. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. Intel has a 52-week low of $42.36 and a 52-week high of $59.59. The company has a market capitalization of $242.10 billion, a P/E ratio of 10.00, a PEG ratio of 1.61 and a beta of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.75%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In related news, Chairman Andy D. Bryant sold 11,734 shares of Intel stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total value of $622,254.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin Thomas Mcbride sold 518 shares of Intel stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total value of $26,588.94. Following the completion of the sale, the vice president now owns 8,274 shares of the company’s stock, valued at $424,704.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,320 shares of company stock worth $5,343,843. 0.02% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Burns J W & Co. Inc. NY raised its position in Intel by 7.7% in the third quarter. Burns J W & Co. Inc. NY now owns 32,951 shares of the chip maker’s stock valued at $1,558,000 after purchasing an additional 2,355 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Intel in the 3rd quarter valued at about $421,000. Windsor Group LTD raised its holdings in Intel by 5.6% in the 3rd quarter. Windsor Group LTD now owns 38,007 shares of the chip maker’s stock valued at $1,797,000 after acquiring an additional 2,004 shares during the last quarter. Rockland Trust Co. raised its holdings in Intel by 9.2% in the 3rd quarter. Rockland Trust Co. now owns 18,897 shares of the chip maker’s stock valued at $894,000 after acquiring an additional 1,587 shares during the last quarter. Finally, LVM Capital Management Ltd. MI raised its holdings in Intel by 1.3% in the 3rd quarter. LVM Capital Management Ltd. MI now owns 292,858 shares of the chip maker’s stock valued at $13,849,000 after acquiring an additional 3,807 shares during the last quarter. Institutional investors own 64.80% of the company’s stock.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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