Other analysts have also recently issued reports about the company. Vetr cut Intel from a strong-buy rating to a buy rating and set a $41.13 price objective for the company. in a research report on Tuesday, December 13th. Brean Capital reaffirmed a buy rating on shares of Intel in a research report on Tuesday, December 13th. MKM Partners reaffirmed a buy rating and issued a $44.00 price objective on shares of Intel in a research report on Monday, December 5th. Instinet reaffirmed a buy rating and issued a $35.50 price objective on shares of Intel in a research report on Tuesday, November 29th. Finally, Argus reaffirmed a buy rating on shares of Intel in a research report on Wednesday, November 23rd. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Intel currently has a consensus rating of Hold and an average price target of $39.99.
Shares of Intel (NASDAQ:INTC) traded up 0.836% during mid-day trading on Wednesday, reaching $35.565. The company had a trading volume of 4,171,005 shares. The firm’s 50 day moving average is $36.08 and its 200-day moving average is $36.14. The stock has a market capitalization of $168.15 billion, a P/E ratio of 16.776 and a beta of 1.03. Intel has a 12-month low of $29.50 and a 12-month high of $38.45.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. Intel had a return on equity of 20.95% and a net margin of 17.37%. The company earned $16.40 billion during the quarter, compared to analysts’ expectations of $15.75 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Intel will post $2.80 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, February 3rd. Intel’s dividend payout ratio is currently 49.29%.
In other Intel news, EVP Diane M. Bryant sold 2,766 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $37.59, for a total transaction of $103,973.94. Following the completion of the sale, the executive vice president now directly owns 106,566 shares of the company’s stock, valued at approximately $4,005,815.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 680 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $37.53, for a total value of $25,520.40. Following the sale, the executive vice president now directly owns 107,758 shares of the company’s stock, valued at $4,044,157.74. The disclosure for this sale can be found here. Insiders have sold a total of 273,023 shares of company stock valued at $9,898,612 over the last three months. Corporate insiders own 0.09% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Monaco bought a new stake in shares of Intel during the third quarter worth approximately $113,000. Jacobus Wealth Management Inc. bought a new stake in shares of Intel during the third quarter worth approximately $119,000. Roble Belko & Company Inc raised its stake in shares of Intel by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock worth $126,000 after buying an additional 200 shares in the last quarter. Fusion Family Wealth LLC bought a new stake in shares of Intel during the fourth quarter worth approximately $133,000. Finally, American Research & Management Co. raised its stake in shares of Intel by 23.8% in the third quarter. American Research & Management Co. now owns 3,681 shares of the chip maker’s stock worth $139,000 after buying an additional 707 shares in the last quarter. 65.90% of the stock is owned by hedge funds and other institutional investors.
Intel 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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