Intel Co. (NASDAQ:INTC) Receives Average Rating of “Hold” from Analysts

Shares of Intel Co. (NASDAQ:INTC) have been given an average rating of “Hold” by the twenty-nine analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.75.

Several equities research analysts have issued reports on INTC shares. TD Cowen dropped their target price on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday. Citigroup dropped their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. HSBC reduced their target price on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Morgan Stanley lowered their price target on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Wedbush decreased their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday.

Intel Stock Performance

Shares of INTC stock opened at $31.36 on Tuesday. Intel has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market capitalization of $132.59 billion, a P/E ratio of 32.67, a PEG ratio of 2.89 and a beta of 1.00. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $40.63 and its 200 day moving average is $42.27.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Slow Capital Inc. increased its stake in shares of Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares during the period. Altus Wealth Group LLC increased its position in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC bought a new position in Intel in the 4th quarter worth $201,000. Callan Capital LLC raised its holdings in Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after purchasing an additional 574 shares during the period. 64.53% of the stock is owned by institutional investors.

About Intel

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.