Brokerages Set Intel Co. (NASDAQ:INTC) Price Target at $42.62

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-eight brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.38.

INTC has been the topic of several research analyst reports. Susquehanna dropped their price objective on Intel from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 17th. Truist Financial restated a "hold" rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. The Goldman Sachs Group upped their price target on shares of Intel from $34.00 to $39.00 and gave the company a "sell" rating in a research report on Friday, January 26th. Benchmark restated a "buy" rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Barclays upped their price target on shares of Intel from $32.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.13 during mid-day trading on Tuesday, hitting $34.28. 46,719,967 shares of the stock traded hands, compared to its average volume of 46,893,191. Intel has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a market cap of $144.94 billion, a PE ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The firm has a 50 day simple moving average of $41.48 and a two-hundred day simple moving average of $42.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company's revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts forecast that Intel will post 0.61 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.46%. Intel's payout ratio is 128.21%.

Insider Buying and Selling

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

Institutional Trading of Intel

Several institutional investors and hedge funds have recently made changes to their positions in the company. Milestone Asset Management LLC lifted its holdings in shares of Intel by 660.0% in the 1st quarter. Milestone Asset Management LLC now owns 37,180 shares of the chip maker's stock valued at $1,642,000 after purchasing an additional 32,288 shares during the last quarter. Eads & Heald Wealth Management purchased a new stake in shares of Intel in the 1st quarter valued at about $814,000. Global Retirement Partners LLC lifted its holdings in shares of Intel by 2.6% in the 1st quarter. Global Retirement Partners LLC now owns 153,488 shares of the chip maker's stock valued at $6,780,000 after purchasing an additional 3,961 shares during the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Intel by 27.0% in the 1st quarter. Sage Mountain Advisors LLC now owns 19,600 shares of the chip maker's stock valued at $866,000 after purchasing an additional 4,168 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA raised its stake in Intel by 5.2% during the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 106,458 shares of the chip maker's stock valued at $4,702,000 after acquiring an additional 5,305 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

About Intel

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.