Vetr upgraded shares of Intel Corp. (NASDAQ:INTC) from a buy rating to a strong-buy rating in a report issued on Tuesday morning. They currently have $41.98 price objective on the chip maker’s stock.
A number of other equities analysts also recently commented on INTC. Royal Bank Of Canada restated a hold rating on shares of Intel Corp. in a report on Saturday, July 9th. B. Riley restated a buy rating and issued a $42.00 price objective on shares of Intel Corp. in a report on Tuesday, July 26th. Argus restated a buy rating and issued a $41.00 price objective on shares of Intel Corp. in a report on Monday, July 25th. Wells Fargo & Co. restated a buy rating on shares of Intel Corp. in a report on Sunday, September 4th. Finally, Sanford C. Bernstein set a $31.00 price objective on Intel Corp. and gave the stock a hold rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $39.66.
Intel Corp. (NASDAQ:INTC) opened at 37.27 on Tuesday. The stock has a market cap of $176.32 billion, a price-to-earnings ratio of 18.07 and a beta of 1.09. The stock’s 50 day moving average price is $36.69 and its 200 day moving average price is $33.56. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $13.50 billion for 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. Analysts forecast that Intel Corp. will post $2.58 EPS for the current fiscal year.
The company 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 2.79%. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the transaction, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the transaction, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Private Trust Co. NA increased its position in shares of Intel Corp. by 4.2% in the first quarter. Private Trust Co. NA now owns 39,344 shares of the chip maker’s stock worth $1,272,000 after buying an additional 1,582 shares during the period. Gibraltar Capital Management Inc. increased its position in shares of Intel Corp. by 10.5% in the first quarter. Gibraltar Capital Management Inc. now owns 126,274 shares of the chip maker’s stock worth $4,085,000 after buying an additional 12,045 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of Intel Corp. by 0.3% in the first quarter. Oliver Luxxe Assets LLC now owns 49,307 shares of the chip maker’s stock worth $1,595,000 after buying an additional 126 shares during the period. Peddock Capital Advisors LLC increased its position in shares of Intel Corp. by 1.1% in the first quarter. Peddock Capital Advisors LLC now owns 25,443 shares of the chip maker’s stock worth $823,000 after buying an additional 281 shares during the period. Finally, FirstMerit Bank N A Trustee increased its position in shares of Intel Corp. by 9.0% in the first quarter. FirstMerit Bank N A Trustee now owns 123,652 shares of the chip maker’s stock worth $4,000,000 after buying an additional 10,233 shares during the period. Hedge funds and other institutional investors own 64.77% 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.
To view Vetr’s full report, visit Vetr’s official website.
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