Brokerages Set Intel Co. (INTC) PT at $55.15

Intel Co. (NASDAQ:INTC) has received a consensus recommendation of “Hold” from the forty-two analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $54.99.

Several research firms recently issued reports on INTC. New Street Research set a $65.00 target price on Intel and gave the stock a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $64.00 target price on shares of Intel in a report on Friday. Deutsche Bank dropped their target price on Intel from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, March 27th. Finally, SunTrust Banks upped their target price on Intel to $56.00 and gave the stock a “buy” rating in a report on Friday. They noted that the move was a valuation call.

INTC traded down $5.18 on Thursday, hitting $52.43. 72,314,998 shares of the company were exchanged, compared to its average volume of 17,476,166. Intel has a 12 month low of $42.36 and a 12 month high of $59.59. The firm has a market capitalization of $245.28 billion, a PE ratio of 11.45, a PEG ratio of 1.38 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.71% and a net margin of 29.04%. The business had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. Intel’s revenue was up .0% on a year-over-year basis. On average, research analysts forecast that Intel will post 4.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s payout ratio is 27.51%.

In other news, EVP Navin Shenoy sold 1,518 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $46.11, for a total value of $69,994.98. Following the transaction, the executive vice president now owns 52,419 shares of the company’s stock, valued at $2,417,040.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the transaction, the executive vice president now directly owns 48,140 shares in the company, valued at approximately $2,647,700. The disclosure for this sale can be found here. Insiders sold 65,431 shares of company stock worth $3,500,497 in the last ninety days. 0.02% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of INTC. Oregon Public Employees Retirement Fund grew its position in shares of Intel by 4,553.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock valued at $2,496,000 after purchasing an additional 114,601,152 shares during the last quarter. Norges Bank acquired a new position in shares of Intel in the fourth quarter valued at approximately $2,141,842,000. Ronna Sue Cohen grew its position in shares of Intel by 5,163.8% in the first quarter. Ronna Sue Cohen now owns 5,410,882 shares of the chip maker’s stock valued at $5,411,000 after purchasing an additional 5,308,088 shares during the last quarter. Prudential Financial Inc. grew 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 valued at $620,690,000 after purchasing an additional 2,968,410 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new position in shares of Intel in the fourth quarter valued at approximately $138,454,000. 64.79% of the stock is currently owned by institutional investors.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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