Intel (NASDAQ:INTC) had its price objective raised by Mizuho from $52.00 to $58.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm currently has a buy rating on the chip maker’s stock.

Several other analysts have also recently commented on the company. Nomura started coverage on NVIDIA in a report on Tuesday, April 2nd. They issued a neutral rating and a $147.00 target price on the stock. Daiwa Capital Markets cut Intel from an outperform rating to a neutral rating in a report on Monday, April 29th. Deutsche Bank reiterated a buy rating and issued a $23.00 target price on shares of ABB in a report on Friday. BidaskClub raised Xilinx from a hold rating to a buy rating in a research note on Wednesday. Finally, Credit Suisse Group set a €38.00 ($44.19) price target on Dialog Semiconductor and gave the company a buy rating in a research note on Thursday, May 9th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have assigned a buy rating to the company. Intel presently has an average rating of Hold and an average target price of $54.67.

INTC stock traded down $0.57 during trading on Friday, hitting $51.59. The company had a trading volume of 36,380,031 shares, compared to its average volume of 17,940,786. The stock has a 50-day moving average price of $48.30. Intel has a one year low of $42.36 and a one year high of $59.59. The firm has a market cap of $233.52 billion, a PE ratio of 11.26, a PEG ratio of 1.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a return on equity of 29.01% and a net margin of 28.05%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Intel will post 4.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, August 6th. Intel’s payout ratio is currently 27.51%.

In related news, EVP Navin Shenoy sold 611 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $51.00, for a total value of $31,161.00. Following the completion of the sale, the executive vice president now directly owns 51,619 shares of the company’s stock, valued at approximately $2,632,569. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the sale, the insider now directly owns 76,855 shares of the company’s stock, valued at $4,011,062.45. The disclosure for this sale can be found here. Insiders sold a total of 48,406 shares of company stock valued at $2,477,573 over the last three months. 0.02% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cordasco Financial Network grew its stake in Intel by 7.0% in the 4th quarter. Cordasco Financial Network now owns 6,099 shares of the chip maker’s stock valued at $286,000 after purchasing an additional 400 shares during the period. Pennsylvania Trust Co grew its stake in Intel by 2.4% in the 4th quarter. Pennsylvania Trust Co now owns 387,064 shares of the chip maker’s stock valued at $18,165,000 after purchasing an additional 9,236 shares during the period. QCI Asset Management Inc. NY grew its stake in Intel by 1.0% in the 4th quarter. QCI Asset Management Inc. NY now owns 330,247 shares of the chip maker’s stock valued at $15,498,000 after purchasing an additional 3,143 shares during the period. Cardinal Capital Management Inc. grew its stake in Intel by 0.5% in the 4th quarter. Cardinal Capital Management Inc. now owns 383,482 shares of the chip maker’s stock valued at $17,997,000 after purchasing an additional 1,840 shares during the period. Finally, Burke & Herbert Bank & Trust Co. grew its stake in Intel by 2.6% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 31,649 shares of the chip maker’s stock valued at $1,485,000 after purchasing an additional 805 shares during the period. 65.96% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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