Macquarie reiterated their outperform rating on shares of Intel Corporation (NASDAQ:INTC) in a research report report published on Monday, May 15th. The brokerage currently has a $40.00 price objective on the chip maker’s stock.
Other analysts have also issued reports about the stock. B. Riley restated a buy rating and issued a $44.00 price objective on shares of Intel Corporation in a report on Friday, January 27th. Sanford C. Bernstein set a $36.00 price objective on shares of Intel Corporation and gave the company a hold rating in a report on Saturday, January 28th. BNP Paribas set a $39.00 price objective on shares of Intel Corporation and gave the company a hold rating in a report on Saturday, January 28th. Pacific Crest restated an overweight rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Friday, February 10th. Finally, Needham & Company LLC reiterated a buy rating on shares of Intel Corporation in a research note on Friday, February 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $40.42.
Shares of Intel Corporation (INTC) traded down 0.28% during midday trading on Monday, hitting $35.21. 30,762,781 shares of the stock traded hands. The stock has a market cap of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. Intel Corporation has a 12-month low of $30.44 and a 12-month high of $38.45. The company’s 50 day moving average price is $36.03 and its 200-day moving average price is $36.11. Intel Corporation also was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 5,251 put options on the stock. This represents an increase of 193% compared to the typical daily volume of 1,795 put options.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. Intel Corporation’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. On average, equities research analysts expect that Intel Corporation will post $2.86 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th were issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, May 3rd. Intel Corporation’s payout ratio is 47.39%.
In related news, insider Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the completion of the transaction, the insider now owns 318,654 shares in the company, valued at approximately $11,560,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total value of $60,397.15. Following the transaction, the insider now owns 113,357 shares of the company’s stock, valued at approximately $4,177,205.45. The disclosure for this sale can be found here. Insiders sold a total of 47,821 shares of company stock valued at $1,734,851 over the last quarter. Company insiders own 0.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HighPoint Advisor Group LLC raised its position in shares of Intel Corporation by 1.5% in the third quarter. HighPoint Advisor Group LLC now owns 36,790 shares of the chip maker’s stock worth $1,288,000 after buying an additional 556 shares during the period. Albion Financial Group UT raised its position in shares of Intel Corporation by 237.5% in the third quarter. Albion Financial Group UT now owns 80,767 shares of the chip maker’s stock worth $3,049,000 after buying an additional 56,838 shares during the period. RB Capital Management LLC acquired a new position in shares of Intel Corporation during the fourth quarter worth about $858,000. Korea Investment CORP raised its position in shares of Intel Corporation by 13.3% in the third quarter. Korea Investment CORP now owns 3,427,798 shares of the chip maker’s stock worth $129,399,000 after buying an additional 402,824 shares during the period. Finally, Bank of Nova Scotia Trust Co. raised its position in shares of Intel Corporation by 399.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 42,610 shares of the chip maker’s stock worth $1,545,000 after buying an additional 34,080 shares during the period. Institutional investors own 68.30% of the company’s stock.
About Intel Corporation
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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