Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by equities researchers at BlueFin Research in a research note issued to investors on Monday.
Other analysts also recently issued research reports about the company. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Vetr downgraded Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $34.92 price target on the stock. in a research note on Wednesday, June 8th. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, June 21st. Argus reissued a “buy” rating and issued a $41.00 price target on shares of Intel Corp. in a research note on Wednesday, June 29th. Finally, Canaccord Genuity lifted their price target on Intel Corp. from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Intel Corp. has an average rating of “Buy” and an average target price of $39.46.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.54 on Monday. The company’s 50-day moving average price is $36.30 and its 200 day moving average price is $33.37. The company has a market cap of $177.60 billion, a P/E ratio of 18.21 and a beta of 1.09. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, equities analysts forecast that Intel Corp. will post $2.58 EPS for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a yield of 2.77%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other Intel Corp. news, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.69, for a total value of $15,440,345.55. Following the completion of the sale, the chairman now owns 399,557 shares in the company, valued at approximately $13,860,632.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction 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 disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Carnick & Kubik LLC purchased a new stake in Intel Corp. during the first quarter valued at approximately $100,000. Global X Management Co. LLC raised its stake in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares during the last quarter. Nelson Roberts Investment Advisors LLC raised its stake in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock valued at $113,000 after buying an additional 1,226 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
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.
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.