Barclays PLC restated their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research report sent to investors on Monday morning. The brokerage currently has a $55.00 price objective on the chip maker’s stock.
Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus reissued a buy rating and set a $50.00 price target on shares of Intel Corporation in a research report on Wednesday, November 1st. BMO Capital Markets raised shares of Intel Corporation from a market perform rating to an outperform rating in a research report on Monday, October 30th. Sanford C. Bernstein set a $34.00 price target on shares of Intel Corporation and gave the company a sell rating in a research report on Friday, October 27th. Canaccord Genuity boosted their price target on shares of Intel Corporation from $38.00 to $41.00 and gave the company a hold rating in a research report on Friday, October 27th. Finally, Roth Capital upped their target price on shares of Intel Corporation from $43.00 to $50.00 and gave the company a buy rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $43.28.
Shares of Intel Corporation (NASDAQ:INTC) opened at $45.65 on Monday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The stock has a market cap of $212,752.80, a price-to-earnings ratio of 14.30, a PEG ratio of 1.66 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts forecast that Intel Corporation will post 3.25 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.39%. Intel Corporation’s dividend payout ratio is presently 38.11%.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold a total of 659,036 shares of company stock worth $28,872,880 over the last 90 days. 0.08% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Watermark Asset Management Inc. bought a new position in Intel Corporation during the 1st quarter worth $113,000. Financial Engines Advisors L.L.C. bought a new position in Intel Corporation during the 3rd quarter worth $119,000. Acrospire Investment Management LLC grew its stake in Intel Corporation by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Intel Corporation by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares during the last quarter. Institutional investors and hedge funds own 67.17% 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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