Several other equities analysts have also issued reports on the stock. Susquehanna Bancshares Inc boosted their target price on shares of Intel from $45.00 to $46.00 and gave the company a positive rating in a report on Tuesday, October 10th. Mizuho restated a buy rating and issued a $45.00 target price (up previously from $42.00) on shares of Intel in a report on Monday, October 9th. Royal Bank Of Canada restated a sector perform rating and issued a $40.00 target price (up previously from $37.00) on shares of Intel in a report on Friday, October 6th. ValuEngine upgraded shares of Intel from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Intel from a buy rating to a hold rating in a report on Tuesday, September 26th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $41.24.
Shares of Intel (NASDAQ INTC) opened at 40.43 on Tuesday. The firm has a market cap of $189.98 billion, a P/E ratio of 15.43 and a beta of 1.07. The company’s 50-day moving average price is $37.91 and its 200 day moving average price is $36.09. Intel has a 52 week low of $33.23 and a 52 week high of $40.45.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel had a net margin of 19.02% and a return on equity of 16.63%. Intel’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that Intel will post $3.01 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, November 6th. Intel’s dividend payout ratio (DPR) is presently 41.76%.
In other news, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the sale, the executive vice president now directly owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold a total of 81,608 shares of company stock worth $3,095,110 in the last ninety days. Insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Watermark Asset Management Inc. bought a new stake in shares of Intel during the 1st quarter valued at about $113,000. Acrospire Investment Management LLC boosted its stake in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Intel by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after purchasing an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. boosted its stake in shares of Intel by 23.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares in the last quarter. Finally, Winfield Associates Inc. boosted its stake in shares of Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares in the last quarter. 67.02% of the stock is currently owned by hedge funds and other institutional investors.
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).
To view Vetr’s full report, visit Vetr’s official website.
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