Intel Co. (INTC) Given Consensus Recommendation of “Hold” by Brokerages

Intel Co. (NASDAQ:INTC) has been given an average recommendation of “Hold” by the forty-four analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $55.27.

INTC has been the subject of several analyst reports. DZ Bank upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. UBS Group upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Morningstar set a $65.00 price objective on Intel and gave the stock a “buy” rating in a research report on Thursday, August 9th. Macquarie reiterated a “buy” rating and set a $60.00 price objective on shares of Intel in a research report on Thursday, August 9th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $58.00 price objective on shares of Intel in a research report on Thursday, August 9th.

In other Intel news, VP Kevin Thomas Mcbride sold 6,500 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the transaction, the vice president now owns 14,271 shares of the company’s stock, valued at $649,758.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares in the company, valued at approximately $1,384,593.84. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Vanguard Group Inc. raised its stake in Intel by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after purchasing an additional 2,892,357 shares during the period. Capital International Investors grew its holdings in shares of Intel by 502.2% during the 3rd quarter. Capital International Investors now owns 108,093,661 shares of the chip maker’s stock valued at $5,111,749,000 after acquiring an additional 90,144,221 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Intel by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock valued at $2,558,294,000 after acquiring an additional 559,856 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Intel by 24.0% during the 3rd quarter. AQR Capital Management LLC now owns 25,876,556 shares of the chip maker’s stock valued at $1,223,702,000 after acquiring an additional 5,008,729 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Intel by 0.7% during the 3rd quarter. LSV Asset Management now owns 25,251,096 shares of the chip maker’s stock valued at $1,194,124,000 after acquiring an additional 186,641 shares in the last quarter. 64.81% of the stock is currently owned by institutional investors.

Shares of NASDAQ INTC opened at $46.54 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. The company has a market cap of $217.73 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. 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 data on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. The business 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, analysts predict 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 issued a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. Intel’s dividend payout ratio is currently 34.68%.

Intel declared that its board has initiated a stock buyback plan on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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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