A number of other equities analysts have also recently weighed in on INTC. Robert W. Baird set a $64.00 price target on Intel and gave the stock a buy rating in a report on Thursday, July 12th. Royal Bank of Canada reissued a neutral rating and issued a $60.00 price target on shares of Intel in a report on Monday, July 16th. Stifel Nicolaus reiterated a neutral rating and issued a $60.00 target price on shares of Intel in a research note on Monday, July 16th. Citigroup lowered Intel from a buy rating to a neutral rating and set a $64.00 target price for the company. in a research note on Friday, July 27th. Finally, Bank of America lowered Intel from a buy rating to a neutral rating and dropped their target price for the company from $62.00 to $56.00 in a research note on Friday, July 27th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $55.27.
Shares of NASDAQ INTC traded down $0.88 during trading on Wednesday, reaching $48.11. The company had a trading volume of 21,752,763 shares, compared to its average volume of 33,445,756. Intel has a twelve month low of $42.04 and a twelve month high of $57.60. The stock has a market cap of $227.93 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.
The company 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 dividend of $0.30 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.49%. Intel’s dividend payout ratio is presently 34.68%.
In other Intel news, VP Kevin Thomas Mcbride sold 6,500 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the sale, the vice president now directly owns 14,271 shares in the company, valued at $649,758.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the sale, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The disclosure for this sale can be found here. Insiders have sold 8,747 shares of company stock valued at $398,552 over the last 90 days. 0.03% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in INTC. Charles Schwab Investment Advisory Inc. acquired a new stake in Intel during the second quarter worth about $204,242,000. Platinum Investment Management Ltd. boosted its position in shares of Intel by 192.0% in the first quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock worth $245,423,000 after buying an additional 3,098,600 shares during the period. Millennium Management LLC boosted its position in shares of Intel by 232.8% in the first quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock worth $91,168,000 after buying an additional 3,069,040 shares during the period. Prudential Financial Inc. boosted its position in shares of Intel by 29.2% in the third quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock worth $620,690,000 after buying an additional 2,968,410 shares during the period. Finally, FIL Ltd boosted its position in shares of Intel by 71.2% in the first quarter. FIL Ltd now owns 6,385,865 shares of the chip maker’s stock worth $332,575,000 after buying an additional 2,655,452 shares during the period. Institutional investors own 65.25% of the company’s stock.
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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