Today, Analysts gives Consensus Recommendation of “Buy” to Intel Corp. (INTC)

Today, Analysts gives Consensus Recommendation of “Buy” to Intel Corp. (INTC)

Shares of Intel Corp. (NASDAQ:INTC) have earned an average rating of “Buy” from the fifty brokerages that are currently covering the firm. Three analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, thirty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $39.55.

Several equities research analysts recently weighed in on the company. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Intel Corp. in a research note on Friday, August 19th. Zacks Investment Research cut Intel Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 16th. BNP Paribas set a $37.00 target price on Intel Corp. and gave the stock a “neutral” rating in a research note on Monday, September 19th. Vetr cut Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 target price for the company. in a research note on Wednesday, October 12th. Finally, Cowen and Company boosted their target price on Intel Corp. from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, September 16th.

Intel Corp. (NASDAQ:INTC) traded up 0.68% during midday trading on Friday, reaching $35.44. The company’s stock had a trading volume of 6,036,664 shares. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36. The stock’s 50 day moving average is $35.60 and its 200 day moving average is $34.37. The stock has a market cap of $167.95 billion, a P/E ratio of 16.63 and a beta of 1.07.

Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. The business earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. Analysts anticipate that Intel Corp. will post $2.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.95%. Intel Corp.’s dividend payout ratio is 49.06%.

In related news, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, the vice president now owns 92,826 shares in the company, valued at $3,388,149. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

A number of institutional investors have recently modified their holdings of INTC. Global X Management Co. LLC increased its stake in Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC increased its stake in Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the last quarter. Nelson Roberts Investment Advisors LLC increased its stake in Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the last quarter. Edmond DE Rothschild Monaco bought a new stake in Intel Corp. during the third quarter worth $113,000. Finally, Proficio Capital Partners LLC increased its stake in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

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