Intel (NASDAQ:INTC) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Intel (NASDAQ:INTC) in a research report report published on Friday, Benzinga reports.

INTC has been the subject of a number of other reports. Susquehanna reduced their price objective on shares of Intel from $42.00 to $40.00 and set a neutral rating for the company in a research report on Wednesday, April 17th. Truist Financial reaffirmed a hold rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Morgan Stanley upped their price objective on shares of Intel from $39.00 to $48.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a neutral rating for the company in a research report on Friday, April 12th. Finally, Citigroup reduced their price objective on shares of Intel from $47.50 to $40.00 and set a neutral rating for the company in a research report on Monday, April 15th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $39.75.

Intel Trading Down 9.2 %

NASDAQ:INTC opened at $31.88 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm has a 50-day moving average of $40.88 and a 200-day moving average of $42.23. The company has a market cap of $134.79 billion, a PE ratio of 33.21, a PEG ratio of 3.19 and a beta of 1.00. Intel has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 7.36% and a return on equity of 2.22%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts expect that Intel will post 0.6 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Institutional investors and hedge funds have recently bought and sold shares of the company. New Millennium Group LLC increased its stake in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Intel during the 4th quarter valued at about $27,000. Burkett Financial Services LLC bought a new stake in Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC bought a new stake in Intel during the 1st quarter valued at about $27,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Intel during the third quarter valued at approximately $30,000. 64.53% of the stock is currently owned by institutional investors.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.