Stifel Nicolaus reaffirmed their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research report released on Friday, July 14th. Stifel Nicolaus currently has a $39.00 price target on the chip maker’s stock.
A number of other analysts also recently issued reports on the company. Needham & Company LLC reiterated a buy rating and set a $43.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Intel Corporation from a hold rating to a buy rating and set a $40.00 target price for the company in a research report on Tuesday, May 16th. Bank of America Corporation downgraded Intel Corporation from a buy rating to a neutral rating and dropped their target price for the stock from $42.00 to $38.00 in a research report on Wednesday, June 21st. BidaskClub downgraded Intel Corporation from a hold rating to a sell rating in a research report on Tuesday, June 27th. Finally, Canaccord Genuity restated a buy rating and issued a $38.00 target price on shares of Intel Corporation in a research report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $40.55.
Intel Corporation (NASDAQ:INTC) opened at 35.87 on Friday. The stock’s 50 day moving average is $34.84 and its 200-day moving average is $35.72. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The company has a market capitalization of $168.55 billion, a P/E ratio of 13.69 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts predict that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a yield of 3.04%. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the sale, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the sale, the executive vice president now owns 114,542 shares of the company’s stock, valued at $3,968,880.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Norges Bank acquired a new position in Intel Corporation during the fourth quarter worth approximately $1,684,790,000. Vanguard Group Inc. boosted its position in Intel Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Intel Corporation by 705.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,295,798 shares of the chip maker’s stock valued at $301,186,000 after buying an additional 7,265,442 shares during the last quarter. Glenview Capital Management LLC bought a new stake in shares of Intel Corporation during the first quarter valued at about $177,881,000. Finally, DnB Asset Management AS boosted its stake in shares of Intel Corporation by 654.3% in the first quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock valued at $195,986,000 after buying an additional 4,713,168 shares during the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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