Brean Capital reiterated their buy rating on shares of Intel Corp. (NASDAQ:INTC) in a research note issued to investors on Thursday. Brean Capital currently has a $40.00 target price on the chip maker’s stock, up from their prior target price of $38.00.
INTC has been the topic of several other research reports. Citigroup Inc. reiterated a neutral rating and issued a $35.00 target price (up previously from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Intel Corp. in a report on Thursday, July 21st. BNP Paribas set a $37.00 target price on shares of Intel Corp. and gave the stock a neutral rating in a report on Friday, July 22nd. Sanford C. Bernstein set a $26.00 target price on shares of Intel Corp. and gave the stock a sell rating in a report on Monday, May 30th. Finally, Argus reiterated a buy rating and issued a $41.00 target price on shares of Intel Corp. in a report on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $39.26.
Intel Corp. (NASDAQ:INTC) opened at 37.18 on Thursday. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05. The stock has a market capitalization of $175.90 billion, a price-to-earnings ratio of 18.03 and a beta of 0.93. The company has a 50-day moving average price of $35.89 and a 200-day moving average price of $33.16.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. On average, equities research analysts forecast that Intel Corp. will post $2.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
In related news, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $32.73, for a total value of $2,337,347.49. Following the transaction, the chief executive officer now directly owns 435,796 shares of the company’s stock, valued at approximately $14,263,603.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andy D. Bryant sold 445,095 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the completion of the transaction, the chairman now directly owns 399,557 shares in the company, valued at $13,860,632.33. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of INTC. Vanguard Group Inc. increased its position in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares during the period. Capital World Investors increased its position in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares during the period. Capital Research Global Investors increased its position in shares of Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock worth $3,381,823,000 after buying an additional 4,719,872 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares during the period. 64.77% of the stock is currently owned by institutional investors.
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.
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