Todays Report: Today, Intel Corp. (INTC) Stock Rating Reaffirm by Argus

Today, Intel Corp. (INTC) Stock Rating Reaffirm by Argus

Argus reiterated their buy rating on shares of Intel Corp. (NASDAQ:INTC) in a research note published on Wednesday.

Several other research analysts have also commented on the stock. Vetr lowered shares of Intel Corp. from a strong-buy rating to a buy rating and set a $39.32 price objective for the company. in a research note on Tuesday, November 22nd. Zacks Investment Research lowered shares of Intel Corp. from a buy rating to a hold rating in a research note on Wednesday, November 16th. Susquehanna reissued a positive rating and set a $45.00 target price (up from $42.00) on shares of Intel Corp. in a research note on Thursday, November 10th. Pacific Crest reissued a buy rating and set a $41.00 target price on shares of Intel Corp. in a research note on Wednesday, November 9th. Finally, Nomura reissued a buy rating and set a $40.00 target price on shares of Intel Corp. in a research note on Tuesday, November 1st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Intel Corp. presently has a consensus rating of Buy and a consensus price target of $39.71.

Shares of Intel Corp. (NASDAQ:INTC) opened at 35.51 on Wednesday. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The stock has a market capitalization of $168.28 billion, a P/E ratio of 16.66 and a beta of 1.07. The company’s 50-day moving average is $35.38 and its 200 day moving average is $34.52.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The company earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. Intel Corp.’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. Equities research analysts predict that Intel Corp. will post $2.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 2.92%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 49.06%.

In other Intel Corp. news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $34.92, for a total transaction of $488,775.24. Following the completion of the sale, the executive vice president now owns 817 shares of the company’s stock, valued at $28,529.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Andy D. Bryant sold 24,383 shares of the business’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $35.35, for a total value of $861,939.05. Following the sale, the chairman now directly owns 399,940 shares of the company’s stock, valued at approximately $14,137,879. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Mariner Wealth Advisors LLC increased its stake in shares of Intel Corp. by 76.9% in the first quarter. Mariner Wealth Advisors LLC now owns 77,822 shares of the chip maker’s stock valued at $2,518,000 after buying an additional 33,842 shares during the last quarter. Hancock Holding Co. increased its stake in shares of Intel Corp. by 5.2% in the first quarter. Hancock Holding Co. now owns 467,441 shares of the chip maker’s stock valued at $15,122,000 after buying an additional 23,314 shares during the last quarter. Ensemble Capital Management LLC increased its stake in shares of Intel Corp. by 5.8% in the first quarter. Ensemble Capital Management LLC now owns 485,400 shares of the chip maker’s stock valued at $15,703,000 after buying an additional 26,650 shares during the last quarter. Reynolds Capital Management LLC increased its stake in shares of Intel Corp. by 6.7% in the first quarter. Reynolds Capital Management LLC now owns 6,400 shares of the chip maker’s stock valued at $207,000 after buying an additional 400 shares during the last quarter. Finally, Thomaspartners Inc. increased its stake in shares of Intel Corp. by 2.2% in the first quarter. Thomaspartners Inc. now owns 4,250,265 shares of the chip maker’s stock valued at $137,496,000 after buying an additional 91,275 shares during the last quarter. 64.89% of the stock is owned by hedge funds and other institutional investors.

Intel Corp. Company Profile

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