Several other analysts have also recently weighed in on the company. Evercore ISI raised Intel Corp. from a hold rating to a buy rating and set a $45.00 price target for the company in a report on Tuesday, September 6th. Vetr raised Intel Corp. from a buy rating to a strong-buy rating and set a $41.44 price target for the company in a report on Monday, September 26th. RBC Capital Markets reissued a sector perform rating and set a $36.00 price target on shares of Intel Corp. in a report on Wednesday, August 31st. Zacks Investment Research cut Intel Corp. from a buy rating to a hold rating in a report on Monday, September 5th. Finally, Canaccord Genuity lifted their price target on Intel Corp. from $38.00 to $40.00 and gave the stock a buy rating in a report on Monday, July 18th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $39.87.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.676% during mid-day trading on Wednesday, reaching $34.515. The company’s stock had a trading volume of 24,394,378 shares. The firm has a 50 day moving average price of $36.29 and a 200 day moving average price of $34.07. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The firm has a market cap of $15325.79 billion, a price-to-earnings ratio of 14.813 and a beta of 1.07.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The company earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Intel Corp. will post $2.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 yield of 2.99%. Intel Corp.’s dividend payout ratio is currently 49.06%.
In other Intel Corp. news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $34.92, for a total transaction of $488,775.24. Following the completion of the transaction, the executive vice president now owns 817 shares in the company, valued at approximately $28,529.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Columbia Partners L L C Investment Management increased its position in shares of Intel Corp. by 14.3% in the first quarter. Columbia Partners L L C Investment Management now owns 38,671 shares of the chip maker’s stock worth $1,251,000 after buying an additional 4,840 shares during the last quarter. Alpine Investment Management LLC boosted its position in Intel Corp. by 5.6% in the first quarter. Alpine Investment Management LLC now owns 3,541,188 shares of the chip maker’s stock worth $114,557,000 after buying an additional 188,067 shares during the period. Nikko Asset Management Americas Inc. boosted its position in Intel Corp. by 92.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 79,400 shares of the chip maker’s stock worth $2,597,000 after buying an additional 38,200 shares during the period. Baker Ellis Asset Management LLC boosted its position in Intel Corp. by 8.9% in the first quarter. Baker Ellis Asset Management LLC now owns 19,501 shares of the chip maker’s stock worth $631,000 after buying an additional 1,600 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new position in Intel Corp. during the first quarter worth $132,302,000. Institutional investors own 64.85% 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.
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