INTC has been the subject of several other research reports. Zacks Investment Research cut shares of Intel Corporation from a hold rating to a sell rating in a report on Wednesday, April 12th. Susquehanna Bancshares Inc reissued a positive rating on shares of Intel Corporation in a report on Tuesday, March 28th. Macquarie reissued an outperform rating and set a $40.00 target price on shares of Intel Corporation in a report on Friday, July 14th. Mizuho reissued a buy rating and set a $42.00 target price on shares of Intel Corporation in a report on Tuesday, April 11th. Finally, Jefferies Group LLC lowered shares of Intel Corporation from a hold rating to an underperform rating and dropped their price target for the company from $29.00 to $28.00 in a research report on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $40.55.
Shares of Intel Corporation (INTC) traded down 0.45% during midday trading on Friday, hitting $35.01. 16,231,408 shares of the stock were exchanged. The firm’s 50-day moving average is $35.09 and its 200-day moving average is $35.65. The stock has a market cap of $164.51 billion, a price-to-earnings ratio of 13.36 and a beta of 1.01. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. Equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.11%. Intel Corporation’s payout ratio is currently 41.76%.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,921 shares of company stock worth $3,130,162. Insiders own 0.09% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Watermark Asset Management Inc. acquired a new position in Intel Corporation during the first quarter valued at approximately $113,000. Acrospire Investment Management LLC raised its position in Intel Corporation by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the last quarter. Orrstown Financial Services Inc. raised its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Finally, Winfield Associates Inc. raised its position in Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 67.31% 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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