Intel (INTC) Earns Buy Rating from Nomura
INTC has been the subject of a number of other reports. Summit Insights cut Intel from a buy rating to a hold rating in a report on Friday, July 27th. Macquarie set a $60.00 target price on Intel and gave the company a buy rating in a report on Monday, October 29th. ValuEngine cut Intel from a hold rating to a sell rating in a report on Thursday, November 1st. Stifel Nicolaus reaffirmed a neutral rating and issued a $52.00 price target on shares of Intel in a research report on Thursday, August 9th. Finally, Barclays lowered Intel from an overweight rating to an equal weight rating and reduced their price target for the company from $62.00 to $53.00 in a research report on Monday, August 6th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the company. Intel has a consensus rating of Hold and a consensus price target of $55.27.
Intel stock traded down $0.88 during midday trading on Wednesday, reaching $48.11. 21,752,763 shares of the stock traded hands, compared to its average volume of 33,445,756. Intel has a 12-month low of $42.04 and a 12-month high of $57.60. The stock has a market capitalization of $227.93 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. 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 firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In other Intel news, VP Kevin Thomas Mcbride sold 6,500 shares of Intel stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction 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 SEC, which is available at this link. Also, EVP Steven Ralph Rodgers sold 2,235 shares of Intel stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following 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. Insiders have sold a total of 8,747 shares of company stock worth $398,552 in the last three months. Corporate insiders own 0.03% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Midwest Professional Planners LTD. grew its stake in shares of Intel by 10.7% in the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after purchasing an additional 966 shares during the last quarter. Kingfisher Capital LLC grew its stake in shares of Intel by 9.6% in the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after purchasing an additional 967 shares during the last quarter. Fiduciary Group LLC grew its stake in shares of Intel by 2.9% in the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after purchasing an additional 969 shares during the last quarter. WealthTrust Fairport LLC grew its stake in shares of Intel by 2.9% in the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after purchasing an additional 971 shares during the last quarter. Finally, Schnieders Capital Management LLC grew its stake in shares of Intel by 0.8% in the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after purchasing an additional 972 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.
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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