Intel Corp. (NASDAQ:INTC) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They presently have a $41.20 target price on the chip maker’s stock. Vetr‘s price target suggests a potential upside of 11.44% from the company’s previous close.
Several other equities analysts have also weighed in on the stock. Cowen and Company reaffirmed a “market perform” rating and set a $36.00 target price (up from $32.00) on shares of Intel Corp. in a report on Monday, July 11th. Evercore ISI raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, September 6th. Royal Bank Of Canada boosted their price target on shares of Intel Corp. from $33.00 to $34.00 and gave the stock a “sector perform” rating in a report on Friday, July 8th. RBC Capital Markets reissued a “sector perform” rating and issued a $36.00 price target on shares of Intel Corp. in a report on Wednesday, August 31st. Finally, Zacks Investment Research lowered shares of Intel Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 5th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-two have issued a buy rating to the stock. Intel Corp. has an average rating of “Buy” and a consensus target price of $39.64.
Intel Corp. (NASDAQ:INTC) opened at 36.97 on Wednesday. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The firm’s 50-day moving average is $36.79 and its 200 day moving average is $33.61. The company has a market cap of $174.91 billion, a price-to-earnings ratio of 17.93 and a beta of 1.09.
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, beating the consensus estimate of $0.53 by $0.06. The firm earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. On average, equities research analysts predict that Intel Corp. will post $2.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.81%. Intel Corp.’s dividend payout ratio is 50.24%.
In related news, VP Gregory R. Pearson sold 1,866 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.68, for a total value of $64,712.88. Following the sale, the vice president now owns 86,635 shares of the company’s stock, valued at $3,004,501.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was 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 directly owns 84,505 shares in the company, 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 corporate insiders.
Several hedge funds have recently modified their holdings of INTC. Day & Ennis LLC boosted its stake in shares of Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock valued at $245,000 after buying an additional 27 shares in the last quarter. D. Scott Neal Inc. boosted its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock worth $147,000 after buying an additional 37 shares during the period. Beaumont Financial Partners LLC boosted its stake in shares of Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock worth $265,000 after buying an additional 48 shares during the period. Finally, Peoples Bank National Association boosted its stake in shares of Intel Corp. by 0.5% in the second quarter. Peoples Bank National Association now owns 10,232 shares of the chip maker’s stock worth $335,000 after buying an additional 50 shares during the period. 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.
To view Vetr’s full report, visit Vetr’s official website.
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