Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by analysts at Pacific Crest in a research note issued on Thursday. They presently have a $44.00 price objective on the chip maker’s stock. Pacific Crest’s price objective suggests a potential upside of 15.82% from the company’s previous close.
INTC has been the subject of several other research reports. Citigroup Inc. restated a “neutral” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Intel Corp. in a report 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. Argus restated a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a report on Monday, July 25th. Finally, Vetr lowered Intel Corp. from a “hold” rating to a “sell” rating and set a $33.56 price objective for the company. in a report on Tuesday, August 16th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corp. currently has a consensus rating of “Buy” and an average price target of $39.59.
Intel Corp. (NASDAQ:INTC) opened at 37.99 on Thursday. The firm has a market capitalization of $179.73 billion, a price-to-earnings ratio of 18.42 and a beta of 1.09. The stock has a 50 day moving average price of $36.38 and a 200 day moving average price of $33.40. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.31.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Analysts predict that Intel Corp. will post $2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given 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 2.74%. Intel Corp.’s dividend payout ratio is currently 50.24%.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the transaction, the vice president now owns 84,505 shares of the company’s stock, valued at $2,912,042.30. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new position in shares of Intel Corp. during the second quarter valued at approximately $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 valued at $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 valued at $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 valued at $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 valued at $9,824,733,000 after buying an additional 5,697,051 shares in the last quarter. 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.
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.