Vetr cut shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research report sent to investors on Wednesday. They currently have $54.70 price target on the chip maker’s stock.
A number of other equities research analysts also recently commented on INTC. Mizuho reiterated a buy rating and issued a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. BidaskClub downgraded Intel from a strong-buy rating to a buy rating in a report on Wednesday, December 27th. 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. JPMorgan Chase set a $53.00 price objective on Intel and gave the company a buy rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada set a $44.00 price objective on Intel and gave the company a neutral rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Intel has an average rating of Buy and a consensus target price of $51.10.
NASDAQ INTC opened at $51.53 on Wednesday. The stock has a market capitalization of $244,301.72, a P/E ratio of 14.89, a P/E/G ratio of 1.75 and a beta of 0.95. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Intel has a 12 month low of $33.23 and a 12 month high of $54.35.
The business also recently declared 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 is Friday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.33%. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In related news, EVP Navin Shenoy sold 2,155 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the completion of the transaction, the executive vice president now directly owns 20,933 shares of the company’s stock, valued at $955,172.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 of the company’s stock, valued at $68,474.88. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock valued at $6,011,490 over the last three months. Insiders own 0.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Green Square Capital LLC raised its stake in Intel by 19.5% in the fourth quarter. Green Square Capital LLC now owns 201,313 shares of the chip maker’s stock valued at $9,293,000 after buying an additional 32,884 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Intel by 12.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 517,028 shares of the chip maker’s stock valued at $23,866,000 after buying an additional 56,477 shares during the period. Certified Advisory Corp bought a new stake in Intel in the fourth quarter valued at approximately $310,000. Wagner Wealth Management LLC bought a new stake in Intel in the fourth quarter valued at approximately $337,000. Finally, D.B. Root & Company LLC bought a new stake in Intel in the fourth quarter valued at approximately $1,064,000. 69.02% of the stock is owned by hedge funds and other institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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