Intel (INTC) Given “Hold” Rating at Evercore ISI

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Evercore ISI restated their hold rating on shares of Intel (NASDAQ:INTC) in a research report sent to investors on Sunday.

INTC has been the subject of a number of other research reports. Morningstar set a $65.00 price target on Intel and gave the company a buy rating in a research report on Monday, October 1st. BidaskClub downgraded Intel from a hold rating to a sell rating in a research report on Friday, September 7th. Morgan Stanley downgraded Intel from an equal rating to a weight rating in a research report on Monday, October 1st. Nomura reiterated a neutral rating and set a $50.00 price target on shares of Intel in a research report on Friday, August 10th. Finally, Macquarie set a $60.00 price target on Intel and gave the company a buy rating in a research report on Sunday, September 30th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $55.33.

Shares of INTC opened at $46.88 on Friday. The stock has a market cap of $213.75 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. Intel has a 12-month low of $42.04 and a 12-month high of $57.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.25. The firm had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. On average, equities analysts forecast that Intel will post 4.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.56%. Intel’s dividend payout ratio (DPR) is currently 34.68%.

In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of Intel stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Midwest Professional Planners LTD. increased its stake in shares of Intel by 10.7% during the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after buying an additional 966 shares during the period. Kingfisher Capital LLC increased its stake in shares of Intel by 9.6% during the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after buying an additional 967 shares during the period. Fiduciary Group LLC increased its stake in shares of Intel by 2.9% during the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after buying an additional 969 shares during the period. WealthTrust Fairport LLC increased its stake in shares of Intel by 2.9% during the first quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after buying an additional 971 shares during the period. Finally, Schnieders Capital Management LLC increased its stake in shares of Intel by 0.8% during the first quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after buying an additional 972 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Intel (NASDAQ:INTC)

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