Intel (NASDAQ:INTC) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Intel (NASDAQ:INTCFree Report) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $34.00 target price on the chip maker’s stock.

A number of other brokerages have also weighed in on INTC. Morgan Stanley decreased their target price on Intel from $48.00 to $36.00 and set an equal weight rating on the stock in a research note on Friday, April 26th. Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a neutral rating on the stock in a research note on Monday, April 15th. Barclays dropped their target price on shares of Intel from $44.00 to $40.00 and set an equal weight rating for the company in a research report on Friday, April 26th. Truist Financial decreased their price target on shares of Intel from $45.00 to $33.00 and set a hold rating on the stock in a report on Friday, April 26th. Finally, Evercore ISI dropped their price objective on shares of Intel from $40.00 to $36.00 and set an in-line rating for the company in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $39.58.

Check Out Our Latest Research Report on INTC

Intel Stock Performance

NASDAQ INTC opened at $30.51 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a market capitalization of $129.88 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 6.73 and a beta of 1.09. Intel has a 52-week low of $26.85 and a 52-week high of $51.28. The company has a 50-day simple moving average of $38.34 and a 200 day simple moving average of $41.97.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.64%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barrett & Company Inc. increased its position in shares of Intel by 6.1% during the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after purchasing an additional 210 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares in the last quarter. New Millennium Group LLC raised its stake in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Waldron Private Wealth LLC lifted its holdings in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares in the last quarter. Finally, Spreng Capital Management Inc. grew its holdings in Intel by 1.3% during the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

About Intel

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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.

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Analyst Recommendations for Intel (NASDAQ:INTC)

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