INTC has been the topic of several other research reports. Zacks Investment Research downgraded shares of Intel from a hold rating to a sell rating in a report on Wednesday, April 12th. Canaccord Genuity restated a buy rating and set a $43.00 price objective on shares of Intel in a report on Tuesday, January 31st. Needham & Company LLC restated a buy rating on shares of Intel in a report on Friday, February 10th. Robert W. Baird reiterated a buy rating and issued a $42.00 target price on shares of Intel in a research report on Tuesday, March 14th. Finally, Deutsche Bank AG reiterated a buy rating and issued a $47.00 target price on shares of Intel in a research report on Tuesday, January 24th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $40.22.
Shares of Intel (NASDAQ:INTC) traded up 0.428% on Thursday, hitting $36.335. 882,769 shares of the company traded hands. The firm’s 50-day moving average is $35.64 and its 200 day moving average is $35.99. The firm has a market capitalization of $171.79 billion, a P/E ratio of 17.139 and a beta of 1.03. Intel has a 1-year low of $29.50 and a 1-year high of $38.45.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Intel had a net margin of 17.37% and a return on equity of 20.95%. The firm had revenue of $16.40 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Intel will post $2.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a boost from Intel’s previous quarterly dividend of $0.26. Intel’s dividend payout ratio (DPR) is presently 49.29%.
In other news, EVP Diane M. Bryant sold 2,766 shares of Intel stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $37.59, for a total value of $103,973.94. Following the completion of the transaction, the executive vice president now owns 106,566 shares in the company, valued at approximately $4,005,815.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 72,172 shares of Intel stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $35.21, for a total value of $2,541,176.12. Following the completion of the transaction, the chief executive officer now owns 549,091 shares of the company’s stock, valued at approximately $19,333,494.11. The disclosure for this sale can be found here. Insiders sold a total of 164,475 shares of company stock valued at $5,929,732 in the last quarter. Company insiders own 0.09% of the company’s stock.
Several institutional investors have recently made changes to their positions in INTC. Edmond DE Rothschild Monaco acquired a new stake in shares of Intel during the third quarter valued at $113,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Intel during the third quarter valued at $119,000. Roble Belko & Company Inc raised its stake in shares of Intel by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock valued at $126,000 after buying an additional 200 shares during the period. Fusion Family Wealth LLC acquired a new stake in shares of Intel during the fourth quarter valued at $133,000. Finally, American Research & Management Co. raised its stake in shares of Intel by 23.8% in the third quarter. American Research & Management Co. now owns 3,681 shares of the chip maker’s stock valued at $139,000 after buying an additional 707 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.
Intel 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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