Intel (NASDAQ:INTC) Gets a Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reissued neutral rating on stock Intel (NASDAQ:INTC – Free Report) in a research report published on Tuesday, Benzinga reports. They currently have a price target on the chipmaker’s shares of $40.00.

Several other research firms have also recently commented on INTC. Mizuho lowered their price target on shares of Intel from $55.00 to $45.00 and set a buy rating for the company in a research report on Friday, April 26. Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16. HSBC lowered their price target on shares of Intel from $44.00 to $37.00 and set a hold rating for the company in a research report on Tuesday, April 23. Needham & Company LLC reaffirmed a hold rating on shares of Intel in a research report on Friday, April 26. Finally, Bank of America lowered their price target on shares of Intel from $50.00 to $44.00 and set a neutral rating for the company in a research report on Friday, April 12. Three analysts have rated the stock a “sell,” twenty-three have given it a hold rating, and five have given it a buy rating. According to MarketBeat.com, the consensus forecast for Intel stock is a “hold” and the consensus price target is $39.25.

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Intel Price Performance

INTC shares opened at $34.34 on Tuesday. The company has a 50-day simple moving average of $31.31 and a two-hundred day simple moving average of $38.21. The stock has a market capitalization of $146.19 billion, a P/E ratio of 35.77, a P/E/G ratio of 16.44 and a beta of 1.05. Intel has a one-year low of $29.73 and a one-year high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a current ratio of 1.14.

Intel (NASDAQ:INTC – Get Free Report) last released its earnings results on Thursday, April 25. The chipmaker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Analysts are forecasting that Intel will post 0.09 EPS for the current year.

Intel announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1. Shareholders of record on Tuesday, May 7 received a dividend of $0.125. This represents an annual dividend of $0.50 and a dividend yield of 1.46%. The ex-dividend date was Monday, May 6. Intel’s payout ratio is currently 52.08%.

Internal activity

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were purchased at an average price of $30.29 per share, for a total transaction value of $124,189.00. Following the purchase, the CEO now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website . In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29. The shares were purchased at an average price of $31.42 per share, for a total transaction value of $125,680.00. Following the completion of the purchase, the CEO now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link . Additionally, CEO Patrick P. Gelsinger acquired 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were purchased at an average price of $30.29 per share, for a total transaction value of $124,189.00. Following the completion of the transaction, the CEO now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. Disclosure regarding this purchase can be found here . Corporate insiders own 0.04% of the company’s stock.

Intel Institutional Trading

Several hedge funds recently changed their positions in the company. Norges Bank acquired a new stake in Intel during the fourth quarter worth approximately $2,424,202,000. Price T Rowe Associates Inc. MD increased its holdings in Intel shares by 543.5% in 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 purchasing an additional 31,575,084 shares during the period. Capital International Investors increased its holdings in Intel shares by 16.0% in the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares in the last quarter. California Public Employees Retirement System increased its holdings in Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after acquiring an additional 8,140,835 shares during the period. Finally, Van ECK Associates Corp increased its position in Intel by 44.8% in the first quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock valued at $952,139,000 after acquiring an additional 6,673,086 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Company Profile

(Download the free report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through the Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company’s product portfolio includes central processing units and chipsets, system-on-chip (SoC) systems and multiprocessor packages; mobile and desktop processors; hardware products, including graphics processing units (GPUs), domain accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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