Intel (NASDAQ:INTC) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Intel (NASDAQ:INTC - Free Report) in a report released on Monday morning, Marketbeat.com reports. The firm issued a hold rating and a $34.00 target price on the chip maker's stock.

Several other equities research analysts have also issued reports on INTC. Raymond James reduced their price target on Intel from $54.00 to $52.00 and set an outperform rating for the company in a report on Friday, January 26th. Wells Fargo & Company reduced their price target on Intel from $43.00 to $38.00 and set an equal weight rating for the company in a report on Friday, April 26th. Sanford C. Bernstein reduced their price target on Intel from $42.00 to $35.00 and set a market perform rating for the company in a report on Friday, April 26th. Susquehanna cut their price objective on Intel from $40.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. cut their price objective on Intel from $37.00 to $35.00 and set an underweight rating on the stock in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $39.58.

Intel Stock Up 2.2 %

Shares of Intel stock traded up $0.66 during trading on Monday, hitting $30.51. 51,373,444 shares of the stock traded hands, compared to its average volume of 48,511,859. The stock has a market cap of $129.88 billion, a P/E ratio of 31.78, a PEG ratio of 6.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $41.97.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, May 6th. Intel's dividend payout ratio is 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company's stock, valued at approximately $1,192,668.75. 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 institutional investors and hedge funds have recently bought and sold shares of INTC. Congress Wealth Management LLC DE raised its position in shares of Intel by 31.8% during the third quarter. Congress Wealth Management LLC DE now owns 16,545 shares of the chip maker's stock worth $588,000 after acquiring an additional 3,989 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of Intel by 231.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 15,606 shares of the chip maker's stock worth $555,000 after acquiring an additional 10,899 shares during the last quarter. Jennison Associates LLC bought a new stake in Intel in the third quarter valued at about $5,447,000. First American Trust FSB bought a new stake in Intel in the third quarter valued at about $292,000. Finally, Resonant Capital Advisors LLC increased its holdings in Intel by 4.3% in the third quarter. Resonant Capital Advisors LLC now owns 9,987 shares of the chip maker's stock valued at $355,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

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.