Intel’s (INTC) Buy Rating Reaffirmed at Nomura
Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Co reissued an outperform rating and set a $50.00 target price (up previously from $45.00) on shares of Intel in a report on Friday, October 27th. SunTrust Banks reissued a hold rating and set a $43.00 target price (up previously from $39.00) on shares of Intel in a report on Friday, October 27th. Royal Bank of Canada set a $44.00 target price on shares of Intel and gave the company a neutral rating in a report on Thursday, January 4th. B. Riley reissued a buy rating and set a $53.00 target price on shares of Intel in a report on Thursday, January 4th. Finally, BMO Capital Markets boosted their target price on shares of Intel from $34.00 to $37.00 and gave the company a market perform rating in a report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $49.10.
Intel (NASDAQ:INTC) traded down $0.42 during trading hours on Thursday, hitting $49.56. 9,440,000 shares of the company were exchanged, compared to its average volume of 38,940,000. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The company has a market cap of $231,940.00, a PE ratio of 25.03, a PEG ratio of 1.72 and a beta of 1.06. Intel has a 52 week low of $33.23 and a 52 week high of $50.85.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.42%. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. Intel’s dividend payout ratio is presently 55.05%.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 909,632 shares of company stock valued at $40,264,998. Company insiders own 0.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in INTC. Comerica Securities Inc. increased its stake in shares of Intel by 450.2% during the first quarter. Comerica Securities Inc. now owns 123,464 shares of the chip maker’s stock valued at $4,453,000 after purchasing an additional 101,026 shares in the last quarter. InterOcean Capital LLC increased its stake in shares of Intel by 2.7% during the first quarter. InterOcean Capital LLC now owns 342,196 shares of the chip maker’s stock valued at $12,343,000 after purchasing an additional 8,939 shares in the last quarter. Hayek Kallen Investment Management increased its stake in shares of Intel by 0.7% during the first quarter. Hayek Kallen Investment Management now owns 130,740 shares of the chip maker’s stock valued at $4,716,000 after purchasing an additional 952 shares in the last quarter. Good Life Advisors LLC increased its stake in shares of Intel by 87.7% during the first quarter. Good Life Advisors LLC now owns 10,374 shares of the chip maker’s stock valued at $378,000 after purchasing an additional 4,848 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Intel by 69.1% during the first quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock valued at $333,000 after purchasing an additional 3,778 shares in the last quarter. 67.56% of the stock is owned by institutional investors.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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