Royal Bank of Canada Reaffirms Underperform Rating for Intel (INTC)

Royal Bank of Canada restated their underperform rating on shares of Intel (NASDAQ:INTC) in a research report report published on Monday morning, Briefing.com Automated Import reports. Royal Bank of Canada currently has a $41.00 price objective on the chip maker’s stock.

A number of other equities analysts have also weighed in on INTC. Credit Suisse Group set a $58.00 price objective on shares of Intel and gave the company a buy rating in a research report on Thursday, May 9th. Wells Fargo & Co lowered their price objective on shares of Intel from $60.00 to $55.00 and set a market perform rating on the stock in a research report on Thursday, May 9th. ValuEngine lowered shares of Intel from a hold rating to a sell rating in a research report on Thursday, May 9th. Mizuho lowered their price objective on shares of Intel from $58.00 to $56.00 and set a buy rating on the stock in a research report on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of Intel from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research report on Wednesday, March 27th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $54.23.

Shares of INTC opened at $45.62 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54. The company has a market cap of $209.40 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75. Intel has a 12-month low of $42.36 and a 12-month high of $59.59.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The business had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. During the same period last year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts anticipate that Intel will post 4.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 27.51%.

In other Intel news, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the sale, the executive vice president now owns 48,140 shares of the company’s stock, valued at $2,647,700. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total value of $63,703.20. The disclosure for this sale can be found here. In the last three months, insiders sold 100,320 shares of company stock valued at $5,343,843. 0.02% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Intel by 0.8% in 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 last quarter. Vanguard Group Inc raised its stake in Intel by 0.8% in 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 last quarter. Oregon Public Employees Retirement Fund raised its stake in Intel by 4,553.3% in the 4th 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. Wellington Management Group LLP raised its stake in Intel by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 73,480,465 shares of the chip maker’s stock valued at $3,945,902,000 after purchasing an additional 8,665,499 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Intel by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 66,195,694 shares of the chip maker’s stock valued at $3,101,980,000 after purchasing an additional 1,511,887 shares during the last quarter. 64.80% of the stock is owned by institutional investors and hedge funds.

About Intel

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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