Vetr upgraded shares of Intel Corp. (NASDAQ:INTC) from a buy rating to a strong-buy rating in a report published on Tuesday morning. They currently have $41.98 price objective on the chip maker’s stock.
A number of other analysts also recently issued reports on the stock. Cowen and Company reaffirmed a market perform rating and set a $36.00 price target (up previously from $32.00) on shares of Intel Corp. in a report on Monday, July 11th. Evercore ISI raised shares of Intel Corp. from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Tuesday, September 6th. Royal Bank Of Canada raised their price objective on shares of Intel Corp. from $33.00 to $34.00 and gave the stock a sector perform rating in a report on Friday, July 8th. RBC Capital Markets reissued a sector perform rating and issued a $36.00 price objective on shares of Intel Corp. in a report on Wednesday, August 31st. Finally, Zacks Investment Research downgraded shares of Intel Corp. from a buy rating to a hold rating in a report on Monday, September 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-two have given a buy rating to the stock. Intel Corp. currently has a consensus rating of Buy and a consensus price target of $39.73.
Intel Corp. (NASDAQ:INTC) opened at 37.45 on Tuesday. The firm has a 50-day moving average of $36.86 and a 200-day moving average of $33.65. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36. The stock has a market cap of $177.18 billion, a PE ratio of 18.16 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. Analysts expect that Intel Corp. will post $2.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 50.24%.
In other news, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction on Monday, October 3rd. The stock was 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 approximately $15,857,281.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction on 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 of the company’s stock, valued at $13,860,632.33. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in INTC. Private Trust Co. NA boosted its position in 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 in the last quarter. Gibraltar Capital Management Inc. boosted 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 boosted 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 boosted 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 boosted 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. Institutional investors and hedge funds own 64.77% of the company’s stock.
Intel Corp. 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.
To view Vetr’s full report, visit Vetr’s official website.
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