Vetr upgraded shares of Intel Corp. (NASDAQ:INTC) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday. Vetr currently has $39.45 price objective on the chip maker’s stock.
A number of other brokerages also recently issued reports on INTC. Pacific Crest reissued a buy rating and issued a $44.00 price target on shares of Intel Corp. in a report on Thursday, October 6th. KeyCorp increased their price target on shares of Intel Corp. from $42.00 to $44.00 and gave the stock an overweight rating in a report on Monday, October 3rd. BlueFin Research reissued a buy rating on shares of Intel Corp. in a report on Monday, October 3rd. Citigroup Inc. lowered their price target on shares of Intel Corp. from $38.00 to $36.00 and set a neutral rating on the stock in a report on Wednesday, October 19th. Finally, Goldman Sachs Group Inc. set a $36.00 price target on shares of Intel Corp. and gave the stock a neutral rating in a report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $39.71.
Shares of Intel Corp. (NASDAQ:INTC) opened at 35.20 on Thursday. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The firm has a market capitalization of $166.81 billion, a P/E ratio of 16.52 and a beta of 1.07. The company’s 50-day moving average is $35.60 and its 200 day moving average is $34.37.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. The firm had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Intel Corp. will post $2.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. Intel Corp.’s dividend payout ratio (DPR) is presently 49.06%.
In related news, EVP Venkata S. M. Renduchintala sold 13,997 shares of Intel Corp. stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $34.92, for a total transaction of $488,775.24. Following the transaction, the executive vice president now owns 817 shares in the company, valued at $28,529.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC increased its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the last quarter. Nelson Roberts Investment Advisors LLC increased its position in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the last quarter. Edmond DE Rothschild Monaco bought a new position in shares of Intel Corp. during the third quarter worth approximately $113,000. Finally, Proficio Capital Partners LLC increased its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.