Morgan Stanley reiterated their underweight rating on shares of Intel Corp. (NASDAQ:INTC) in a research report report published on Tuesday. Morgan Stanley currently has a $34.00 target price on the chip maker’s stock.
Several other analysts have also recently commented on INTC. Royal Bank Of Canada restated a hold rating on shares of Intel Corp. in a report on Saturday, July 9th. B. Riley restated a buy rating and issued a $42.00 price target on shares of Intel Corp. in a report on Thursday, July 21st. Robert W. Baird lifted their price target on Intel Corp. from $38.00 to $40.00 and gave the company an outperform rating in a report on Tuesday, September 6th. Cowen and Company boosted their target price on Intel Corp. from $36.00 to $38.00 and gave the stock a market perform rating in a report on Friday, September 16th. Finally, Citigroup Inc. reiterated a neutral rating and set a $35.00 target price (up previously from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have issued a buy rating to the stock. Intel Corp. currently has an average rating of Buy and an average target price of $39.06.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.55 on Tuesday. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The firm has a market cap of $177.65 billion, a PE ratio of 18.21 and a beta of 0.93. The company has a 50-day moving average of $35.71 and a 200 day moving average of $33.00.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Intel Corp. will post $2.57 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. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
In other news, VP Gregory R. Pearson sold 250,192 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, the vice president now owns 92,826 shares of the company’s stock, valued at $3,388,149. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 435,796 shares in the company, valued at approximately $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of INTC. Pioneer Investment Management Inc. increased its position in Intel Corp. by 98.3% in the fourth quarter. Pioneer Investment Management Inc. now owns 169,339 shares of the chip maker’s stock valued at $5,834,000 after buying an additional 83,945 shares during the last quarter. First American Bank increased its stake in shares of Intel Corp. by 4.1% in the first quarter. First American Bank now owns 133,085 shares of the chip maker’s stock worth $4,305,000 after buying an additional 5,218 shares in the last quarter. New England Research & Management Inc. increased its stake in shares of Intel Corp. by 4.0% in the first quarter. New England Research & Management Inc. now owns 40,533 shares of the chip maker’s stock worth $1,311,000 after buying an additional 1,550 shares in the last quarter. Trust Co. of Virginia VA increased its stake in shares of Intel Corp. by 15.8% in the first quarter. Trust Co. of Virginia VA now owns 195,545 shares of the chip maker’s stock worth $6,326,000 after buying an additional 26,707 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Intel Corp. by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,547,912 shares of the chip maker’s stock worth $147,124,000 after buying an additional 75,574 shares in the last quarter. 64.77% of the stock is currently owned by institutional investors.
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.
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