Intel Corp. (NASDAQ:INTC) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage currently has a $41.44 target price on the chip maker’s stock. Vetr‘s price objective indicates a potential upside of 11.46% from the stock’s previous close.
Several other research firms also recently weighed in on INTC. B. Riley reissued a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Intel Corp. in a report on Friday, September 16th. Citigroup Inc. increased their price objective on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, September 19th. BMO Capital Markets reissued a “hold” rating and issued a $34.00 price objective on shares of Intel Corp. in a report on Monday, September 19th. Stifel Nicolaus set a $39.00 price objective on Intel Corp. and gave the company a “buy” rating in a report on Monday, September 19th. Finally, Robert W. Baird increased their price objective on Intel Corp. from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.26.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.18 on Monday. The stock has a market cap of $175.90 billion, a price-to-earnings ratio of 18.03 and a beta of 0.93. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The company has a 50-day moving average of $35.89 and a 200 day moving average of $33.16.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, equities analysts forecast that Intel Corp. will post $2.58 earnings per share for the current fiscal 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 issued a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.80%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other Intel Corp. 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 completion of the transaction, the vice president now owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 of the company’s stock, valued at approximately $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of INTC. Peachtree Investment Advisors Inc. boosted its position in Intel Corp. by 3.0% in the first quarter. Peachtree Investment Advisors Inc. now owns 51,272 shares of the chip maker’s stock valued at $1,659,000 after buying an additional 1,500 shares during the period. CENTRAL TRUST Co purchased a new position in Intel Corp. during the first quarter valued at approximately $12,476,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Intel Corp. by 13.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,073,462 shares of the chip maker’s stock worth $34,726,000 after buying an additional 127,617 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of Intel Corp. by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 1,150,179 shares of the chip maker’s stock worth $37,208,000 after buying an additional 92,454 shares during the last quarter. Finally, Wilsey Asset Management Inc. boosted its position in shares of Intel Corp. by 5.9% in the first quarter. Wilsey Asset Management Inc. now owns 141,637 shares of the chip maker’s stock worth $4,581,000 after buying an additional 7,925 shares during the last quarter. 64.77% of the stock is owned by hedge funds and other 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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