Mizuho Reaffirms “Buy” Rating for Intel (NASDAQ:INTC)
Mizuho reiterated their buy rating on shares of Intel (NASDAQ:INTC) in a report released on Monday morning, AnalystRatings.com reports. Mizuho currently has a $63.00 target price on the chip maker’s stock.
INTC has been the subject of several other reports. Sanford C. Bernstein cut shares of Intel from a market perform rating to an underperform rating and set a $45.00 target price for the company. in a research note on Friday, July 24th. Deutsche Bank cut shares of Intel from a buy rating to a hold rating and dropped their price objective for the stock from $70.00 to $60.00 in a research note on Friday, July 24th. They noted that the move was a valuation call. Charter Equity reissued a hold rating on shares of Intel in a research note on Friday, July 24th. Exane BNP Paribas cut shares of Intel from an outperform rating to an underperform rating and set a $47.00 price objective for the company. in a research note on Friday, July 24th. Finally, Nomura reissued a buy rating and issued a $74.00 price objective on shares of Intel in a research note on Sunday, June 21st. Twelve equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $61.67.
INTC opened at $49.19 on Monday. The stock has a market capitalization of $207.67 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.32 and a beta of 0.68. The company has a fifty day moving average of $55.03 and a 200 day moving average of $58.43. Intel has a fifty-two week low of $43.63 and a fifty-two week high of $69.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.68%. Intel’s dividend payout ratio is currently 27.10%.
In other news, CEO Robert Holmes Swan acquired 8,021 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were purchased at an average price of $50.00 per share, with a total value of $401,050.00. Following the transaction, the chief executive officer now directly owns 293,594 shares in the company, valued at $14,679,700. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 7,018 shares of Intel stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $59.83, for a total transaction of $419,886.94. Following the completion of the transaction, the executive vice president now directly owns 68,942 shares in the company, valued at approximately $4,124,799.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,109 shares of company stock valued at $568,933. Company insiders own 0.04% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Modus Advisors LLC purchased a new position in shares of Intel in the 2nd quarter worth approximately $25,000. Price Wealth LLC grew its position in Intel by 119.5% during the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock worth $28,000 after purchasing an additional 251 shares during the last quarter. FAI Wealth Management grew its position in Intel by 390.4% during the 2nd quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. Lion Street Advisors LLC purchased a new stake in Intel during the 1st quarter worth approximately $29,000. Finally, Okabena Investment Services Inc. purchased a new stake in Intel during the 2nd quarter worth approximately $42,000. 64.95% of the stock is currently owned by hedge funds and other 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.
Recommended Story: How to Calculate Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.