Intel Co. (NASDAQ:INTC) Receives $41.48 Average Price Target from Brokerages

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-nine analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.48.

INTC has been the subject of several analyst reports. Mizuho lowered their target price on shares of Intel from $58.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 26th. Barclays raised their target price on shares of Intel from $32.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. Susquehanna raised their target price on shares of Intel from $38.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, January 18th. Truist Financial lowered their target price on shares of Intel from $47.00 to $45.00 and set a "hold" rating for the company in a report on Friday, January 26th. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, January 26th.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company's stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in INTC. Moneta Group Investment Advisors LLC raised its position in Intel by 100,953.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker's stock worth $1,351,468,000 after acquiring an additional 51,083,262 shares during the period. Norges Bank purchased a new stake in shares of Intel during the fourth quarter worth $2,424,202,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker's stock worth $1,878,572,000 after buying an additional 31,575,084 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker's stock worth $814,727,000 after buying an additional 16,074,485 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Intel by 171.1% in the second quarter. Barclays PLC now owns 21,404,715 shares of the chip maker's stock valued at $715,773,000 after purchasing an additional 13,507,774 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ:INTC traded up $0.40 on Friday, reaching $44.17. The company's stock had a trading volume of 54,204,194 shares, compared to its average volume of 47,195,528. Intel has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a market cap of $186.75 billion, a P/E ratio of 113.26, a PEG ratio of 4.56 and a beta of 1.00. The company has a 50-day simple moving average of $43.89 and a 200 day simple moving average of $42.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analysts' expectations of $15.16 billion. During the same period last year, the company posted $0.10 EPS. The business's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Intel will post 0.64 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, February 6th. Intel's dividend payout ratio is presently 128.21%.

Intel Company Profile

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.