Roth Capital set a $60.00 price target on Intel (NASDAQ:INTC) in a research report sent to investors on Friday, TipRanks reports. The brokerage currently has a buy rating on the chip maker’s stock.

INTC has been the topic of a number of other reports. Jefferies Financial Group set a $40.00 target price on Intel and gave the stock a sell rating in a research report on Friday. Daiwa Capital Markets lowered Intel from an outperform rating to a neutral rating in a research report on Monday, April 29th. Benchmark started coverage on Silicon Laboratories in a research report on Tuesday, July 23rd. They set a buy rating and a $120.00 price target on the stock. Barclays set a $82.00 price target on Baxter International and gave the company a hold rating in a research report on Friday. Finally, Deutsche Bank set a $129.00 price target on Proofpoint and gave the company a hold rating in a research report on Friday. Nine equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Intel presently has an average rating of Hold and a consensus price target of $54.47.

Shares of Intel stock opened at $51.21 on Friday. The stock’s fifty day moving average is $48.30. The firm has a market capitalization of $230.97 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.66 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. Intel has a 12-month low of $42.36 and a 12-month high of $59.59.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. As a group, equities analysts anticipate that Intel will post 4.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.315 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.46%. Intel’s dividend payout ratio (DPR) is currently 27.51%.

In other Intel news, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.78, for a total value of $400,062.56. Following the transaction, the executive vice president now owns 68,833 shares in the company, valued at $3,220,007.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 10,417 shares of company stock worth $494,927 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Tributary Capital Management LLC bought a new stake in shares of Intel during the 4th quarter worth about $28,000. Ogorek Anthony Joseph NY ADV boosted its stake in shares of Intel by 500.0% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after acquiring an additional 500 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Intel by 273.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after acquiring an additional 2,442 shares in the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of Intel during the 4th quarter worth about $48,000. Finally, Stevens First Principles Investment Advisors bought a new stake in shares of Intel during the 4th quarter worth about $53,000. Institutional investors own 65.92% of the company’s stock.

About Intel

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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