Vetr cut shares of Intel Corp. (NASDAQ:INTC) from a strong-buy rating to a buy rating in a report released on Wednesday. They currently have $41.20 price target on the chip maker’s stock.
Several other analysts also recently issued reports on the stock. Royal Bank Of Canada reissued a hold rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reissued a buy rating and set a $42.00 target price on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird boosted their target price on shares of Intel Corp. from $38.00 to $40.00 and gave the company an outperform rating in a research note on Tuesday, September 6th. Citigroup Inc. reaffirmed a neutral rating and issued a $35.00 price target (up from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Finally, Cowen and Company upped their price target on shares of Intel Corp. from $36.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, September 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $39.64.
Intel Corp. (NASDAQ:INTC) opened at 36.77 on Wednesday. The firm’s 50 day moving average price is $36.74 and its 200-day moving average price is $33.59. The firm has a market cap of $173.96 billion, a PE ratio of 17.83 and a beta of 1.09. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Intel Corp. will post $2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is 50.24%.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at approximately $15,857,281.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, the vice president now owns 84,505 shares of the company’s stock, valued at $2,912,042.30. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
A number of institutional investors have recently made changes to their positions in INTC. Stokes & Hubbell Capital Management LLC raised its stake in Intel Corp. by 7.1% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 63,191 shares of the chip maker’s stock worth $2,044,000 after buying an additional 4,194 shares in the last quarter. Moreno Evelyn V raised its stake in Intel Corp. by 7.4% in the first quarter. Moreno Evelyn V now owns 160,512 shares of the chip maker’s stock worth $5,192,000 after buying an additional 11,064 shares in the last quarter. Rosenbaum Jay D. raised its stake in Intel Corp. by 5.1% in the first quarter. Rosenbaum Jay D. now owns 62,815 shares of the chip maker’s stock worth $2,032,000 after buying an additional 3,037 shares in the last quarter. City Holding Co. raised its stake in Intel Corp. by 1.1% in the first quarter. City Holding Co. now owns 83,942 shares of the chip maker’s stock worth $2,715,000 after buying an additional 940 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in Intel Corp. by 33.3% in the first quarter. Carroll Financial Associates Inc. now owns 23,944 shares of the chip maker’s stock worth $774,000 after buying an additional 5,978 shares in the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
About Intel Corp.
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.