Intel Corp. (NASDAQ:INTC)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wells Fargo & Co. in a report issued on Monday. They presently have a $45.00 target price on the chip maker’s stock. Wells Fargo & Co.’s price objective would indicate a potential upside of 19.21% from the company’s current price.
INTC has been the topic of several other reports. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Monday, September 26th. Vetr cut shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 target price for the company. in a research report on Monday, August 29th. BlueFin Research reissued a “buy” rating on shares of Intel Corp. in a research report on Monday, October 3rd. Morgan Stanley reissued an “underweight” rating and issued a $31.00 target price on shares of Intel Corp. in a research report on Wednesday, September 14th. Finally, Sanford C. Bernstein set a $35.00 target price on shares of Intel Corp. and gave the company a “neutral” rating in a research report on Friday, October 14th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $40.02.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.75 on Monday. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The company’s 50 day moving average is $36.98 and its 200-day moving average is $33.74. The firm has a market cap of $178.60 billion, a PE ratio of 18.31 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.08. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
In related news, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of the company’s 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 completion of the sale, the chairman now directly owns 399,557 shares in the company, valued at $13,860,632.33. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Large investors have recently modified their holdings of the company. James Investment Research Inc. boosted its stake in shares of Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the last quarter. Park National Corp OH boosted its stake in shares of Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Intel Corp. during the first quarter valued at $132,302,000. Finally, CIBC World Markets Inc. boosted its stake in shares of Intel Corp. by 14.2% in the second quarter. CIBC World Markets Inc. now owns 532,676 shares of the chip maker’s stock valued at $17,472,000 after buying an additional 66,041 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.
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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