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Raymond James Maintains Intel (INTC) Outperform Recommendation

Raymond James Maintains Intel (INTC) Outperform Recommendation


Fintel reports that on October 25, 2023, Raymond James maintained coverage of Intel (NASDAQ:INTC) with a Outperform recommendation.

Analyst Price Forecast Suggests 4.31% Upside

As of October 5, 2023, the average one-year price target for Intel is 36.08. The forecasts range from a low of 17.17 to a high of $58.80. The average price target represents an increase of 4.31% from its latest reported closing price of 34.59.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Intel is 62,219MM, an increase of 15.13%. The projected annual non-GAAP EPS is 1.92.

Intel Declares $0.12 Dividend

On July 27, 2023 the company declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Shareholders of record as of August 7, 2023 received the payment on September 1, 2023. Previously, the company paid $0.12 per share.

At the current share price of $34.59 / share, the stock’s dividend yield is 1.45%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.68%, the lowest has been 1.30%, and the highest has been 5.80%. The standard deviation of yields is 0.93 (n=236).

The current dividend yield is 1.33 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is -2.27. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is -0.62%.

What is the Fund Sentiment?

There are 3359 funds or institutions reporting positions in Intel. This is a decrease of 92 owner(s) or 2.67% in the last quarter. Average portfolio weight of all funds dedicated to INTC is 0.45%, a decrease of 1.94%. Total shares owned by institutions decreased in the last three months by 2.79% to 2,899,341K shares. The put/call ratio of INTC is 0.72, indicating a bullish outlook.

What are Other Shareholders Doing?

INTC / Intel Corp. Shares Held by Institutions

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 130,108K shares representing 3.11% ownership of the company. In it’s prior filing, the firm reported owning 128,078K shares, representing an increase of 1.56%. The firm decreased its portfolio allocation in INTC by 4.06% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 99,308K shares representing 2.37% ownership of the company. In it’s prior filing, the firm reported owning 96,533K shares, representing an increase of 2.79%. The firm decreased its portfolio allocation in INTC by 4.63% over the last quarter.

Geode Capital Management holds 84,896K shares representing 2.03% ownership of the company. In it’s prior filing, the firm reported owning 82,729K shares, representing an increase of 2.55%. The firm decreased its portfolio allocation in INTC by 4.99% over the last quarter.

Capital Research Global Investors holds 74,807K shares representing 1.79% ownership of the company. In it’s prior filing, the firm reported owning 53,971K shares, representing an increase of 27.85%. The firm increased its portfolio allocation in INTC by 33.21% over the last quarter.

Capital International Investors holds 71,950K shares representing 1.72% ownership of the company. In it’s prior filing, the firm reported owning 70,314K shares, representing an increase of 2.27%. The firm decreased its portfolio allocation in INTC by 1.76% over the last quarter.

Intel Background Information
(This description is provided by the company.)

Intel , is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, it continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, it unleash the potential of data to transform business and society for the better.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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