A number of other brokerages also recently weighed in on INTC. B. Riley reissued a buy rating and set a $42.00 target price on shares of Intel Corp. in a research note on Wednesday, August 17th. Robert W. Baird lifted their target price on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an outperform rating in a research note on Monday, September 19th. Brean Capital reissued a buy rating and set a $40.00 target price (up previously from $38.00) on shares of Intel Corp. in a research note on Thursday, September 22nd. Zacks Investment Research raised shares of Intel Corp. from a hold rating to a buy rating and set a $42.00 target price for the company in a research note on Monday, September 26th. Finally, Citigroup Inc. reissued a neutral rating and set a $35.00 target price on shares of Intel Corp. in a research note on Wednesday, August 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corp. currently has a consensus rating of Buy and a consensus target price of $39.59.
Intel Corp. (NASDAQ:INTC) traded down 0.53% during trading on Thursday, hitting $37.87. 7,613,071 shares of the stock were exchanged. The firm has a market cap of $179.16 billion, a PE ratio of 18.37 and a beta of 1.09. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.31. The firm’s 50-day moving average is $36.46 and its 200 day moving average is $33.43.
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, topping analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter last year, the firm earned $0.55 earnings per share. Intel Corp.’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other news, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the sale, the vice president now owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total transaction of $485,835.87. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Intel Corp. during the second quarter worth about $295,226,000. Dimensional Fund Advisors LP boosted its stake 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 valued at $1,498,217,000 after buying an additional 8,662,708 shares during the last quarter. Capital World Investors boosted its stake 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 valued at $5,479,164,000 after buying an additional 8,095,076 shares during the last quarter. Institutional Capital LLC boosted its stake in shares of Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock valued at $329,388,000 after buying an additional 7,969,512 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 valued at $9,824,733,000 after buying an additional 5,697,051 shares during the last quarter. 64.77% of the stock is 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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