Intel Corp. (NASDAQ:INTC)‘s stock had its “sector perform” rating reaffirmed by research analysts at RBC Capital Markets in a report released on Monday. They presently have a $38.00 target price on the chip maker’s stock. RBC Capital Markets’ price target points to a potential upside of 2.21% from the company’s previous close.
INTC has been the topic of several other research reports. Citigroup Inc. reiterated a “neutral” rating and issued a $35.00 price target (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Intel Corp. in a research note on Thursday, July 21st. BNP Paribas set a $37.00 price objective on Intel Corp. and gave the company a “neutral” rating in a report on Friday, July 22nd. Sanford C. Bernstein set a $26.00 price objective on Intel Corp. and gave the company a “sell” rating in a report on Monday, May 30th. Finally, Argus reissued a “buy” rating and set a $41.00 price objective on shares of Intel Corp. in a report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.26.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.18 on Monday. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The firm has a market capitalization of $175.90 billion, a price-to-earnings ratio of 18.03 and a beta of 0.93. The stock’s 50 day moving average price is $35.89 and its 200 day moving average price is $33.16.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that Intel Corp. will post $2.58 EPS for the current fiscal 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 $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.80%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the sale, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 71,413 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the completion of the sale, the chief executive officer now owns 435,796 shares of the company’s stock, valued at $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Carnick & Kubik LLC bought a new stake in shares of 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 period. 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 period. 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 period. 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 period. Institutional investors and hedge funds 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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