Intel (INTC) Given a $55.00 Price Target at Macquarie

Macquarie set a $55.00 price target on Intel (NASDAQ:INTC) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the chip maker’s stock.

Several other equities analysts have also commented on INTC. Mizuho reaffirmed a buy rating and set a $45.00 target price (up from $42.00) on shares of Intel in a report on Monday, October 9th. Susquehanna Bancshares increased their price objective on Intel from $45.00 to $46.00 and gave the stock a positive rating in a report on Tuesday, October 10th. Vetr raised Intel from a buy rating to a strong-buy rating and set a $44.36 price objective for the company in a report on Wednesday, October 11th. Goldman Sachs Group reissued a hold rating on shares of Intel in a report on Wednesday, October 18th. Finally, Stifel Nicolaus increased their price objective on Intel from $41.00 to $46.00 and gave the stock a buy rating in a report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have given a buy rating to the company. Intel presently has an average rating of Buy and an average price target of $49.10.

Intel (INTC) opened at $42.75 on Tuesday. The company has a market capitalization of $200,070.00, a P/E ratio of 21.59, a PEG ratio of 1.53 and a beta of 1.07. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $50.85. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. sell-side analysts predict that Intel will post 3.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.81%. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is presently 60.61%.

In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $75,371.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Navin Shenoy sold 1,311 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.12, for a total value of $61,774.32. Following the sale, the executive vice president now owns 20,427 shares of the company’s stock, valued at $962,520.24. The disclosure for this sale can be found here. Insiders sold 931,253 shares of company stock valued at $41,320,793 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. increased its position in Intel by 46.1% during the second quarter. Winslow Evans & Crocker Inc. now owns 61,787 shares of the chip maker’s stock worth $2,104,000 after buying an additional 19,499 shares during the last quarter. Legacy Private Trust Co. increased its position in Intel by 47.2% during the second quarter. Legacy Private Trust Co. now owns 122,218 shares of the chip maker’s stock worth $4,124,000 after buying an additional 39,168 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Intel by 89.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 140,402 shares of the chip maker’s stock worth $4,719,000 after buying an additional 66,328 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Intel by 13.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 76,935 shares of the chip maker’s stock worth $2,596,000 after buying an additional 9,349 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Intel by 4.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 230,140 shares of the chip maker’s stock worth $7,765,000 after buying an additional 10,500 shares during the last quarter. Institutional investors and hedge funds own 67.43% of the company’s stock.

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About Intel

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).

Analyst Recommendations for Intel (NASDAQ:INTC)

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