Intel (NASDAQ:INTC) Rating Increased to Hold at Daiwa America

Daiwa America upgraded shares of Intel (NASDAQ:INTC) to a hold rating in a report published on Monday morning, Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group started coverage on Intel in a report on Monday, May 13th. They set a hold rating and a $34.00 target price on the stock. Barclays lowered their price target on shares of Intel from $40.00 to $25.00 and set an equal weight rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $35.00 to $26.00 and set an underweight rating for the company in a report on Friday, August 2nd. Rosenblatt Securities reiterated a sell rating and issued a $17.00 price objective on shares of Intel in a report on Friday, August 2nd. Finally, Mizuho cut shares of Intel from an outperform rating to a neutral rating and decreased their price target for the company from $36.00 to $22.00 in a report on Thursday, August 8th. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $32.04.

Intel Trading Up 2.7 %

NASDAQ:INTC opened at $20.13 on Monday. The business’s 50-day moving average is $27.63 and its two-hundred day moving average is $33.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel has a 12 month low of $18.84 and a 12 month high of $51.28. The firm has a market capitalization of $85.69 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. Research analysts predict that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

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 issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio is 52.08%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of INTC. Norges Bank purchased a new stake in shares of Intel during the fourth quarter valued at about $2,424,202,000. Price T Rowe Associates Inc. MD raised its position in Intel by 543.5% during the 4th 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 during the last quarter. Capital International Investors lifted its position in Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. Van ECK Associates Corp boosted its stake in shares of Intel by 60.5% in the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock worth $1,071,308,000 after buying an additional 13,035,566 shares during the last quarter. Finally, Davis Selected Advisers boosted its position in Intel by 86.2% in the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after purchasing an additional 5,851,098 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

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.