Other analysts have also issued reports about the company. Vetr lowered Intel from a strong-buy rating to a buy rating and set a $48.80 price objective on the stock. in a report on Tuesday, January 2nd. BidaskClub lowered Intel from a strong-buy rating to a buy rating in a report on Wednesday, December 27th. DZ Bank reissued a hold rating and issued a $53.00 price objective on shares of Intel in a report on Wednesday, March 28th. Goldman Sachs reissued a neutral rating and issued a $48.00 price objective on shares of Intel in a report on Friday, January 26th. Finally, Sanford C. Bernstein set a $34.00 price objective on Intel and gave the company a sell rating in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $51.10.
Shares of INTC stock opened at $53.61 on Wednesday. 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 company has a market cap of $250,477.09, a P/E ratio of 15.49, a P/E/G ratio of 1.80 and a beta of 0.95. Intel has a twelve month low of $33.23 and a twelve month high of $54.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.24%. Intel’s payout ratio is 34.68%.
In related news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now owns 263,382 shares in the company, valued at $13,011,070.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,914 shares of company stock worth $6,011,490. 0.03% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in INTC. Epstein & White Financial LLC purchased a new stake in Intel in the fourth quarter valued at $262,000. Whalerock Point Partners LLC raised its holdings in shares of Intel by 32.8% in the 4th quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock valued at $1,730,000 after buying an additional 9,250 shares during the period. Berkshire Asset Management LLC PA raised its holdings in shares of Intel by 9.0% in the 4th quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock valued at $20,477,000 after buying an additional 36,802 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV raised its holdings in shares of Intel by 9.4% in the 4th quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock valued at $6,298,000 after buying an additional 11,764 shares during the period. Finally, Capital Investment Advisors LLC raised its holdings in shares of Intel by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 313,885 shares of the chip maker’s stock valued at $14,489,000 after buying an additional 5,836 shares during the period. Hedge funds and other institutional investors own 69.02% of the company’s stock.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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