INTC has been the topic of a number of other reports. Citigroup Inc. reissued a neutral rating and issued a $35.00 price objective (up from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reissued a market perform rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 price objective on shares of Intel Corp. and gave the company a neutral rating in a research report on Friday, July 22nd. Sanford C. Bernstein set a $26.00 price objective on shares of Intel Corp. and gave the company a sell rating in a research report on Monday, May 30th. Finally, Argus restated a buy rating and issued a $41.00 target price on shares of Intel Corp. in a report on Monday, July 25th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $39.01.
Intel Corp. (NASDAQ:INTC) opened at 37.45 on Monday. The stock has a market cap of $177.18 billion, a PE ratio of 18.16 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’s 50 day moving average is $35.62 and its 200 day moving average is $32.97.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Intel Corp. will post $2.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.78%. Intel Corp.’s payout ratio is presently 50.24%.
In other news, Chairman Andy D. Bryant sold 445,095 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the transaction, the chairman now owns 399,557 shares in the company, valued at approximately $13,860,632.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the company’s stock in a transaction dated 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 owns 435,796 shares in the company, valued at approximately $14,263,603.08. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new position in shares of Intel Corp. during the second quarter worth $295,226,000. Dimensional Fund Advisors LP increased its position in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Capital World Investors increased its position in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares in the last quarter. Institutional Capital LLC increased its position in shares of Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares in the last quarter. 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.
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