Mizuho reissued their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a report published on Monday, October 9th. Mizuho currently has a $45.00 target price on the chip maker’s stock, up from their prior target price of $42.00.
A number of other brokerages have also issued reports on INTC. Zacks Investment Research lowered shares of Intel Corporation from a hold rating to a sell rating in a research note on Monday, July 17th. Credit Suisse Group reiterated an outperform rating on shares of Intel Corporation in a research note on Thursday, August 31st. Needham & Company LLC reiterated a buy rating and set a $43.00 price target on shares of Intel Corporation in a research note on Wednesday, July 12th. BidaskClub lowered shares of Intel Corporation from a hold rating to a sell rating in a research note on Friday, August 25th. Finally, Robert W. Baird restated an outperform rating and set a $45.00 target price on shares of Intel Corporation in a research note on Tuesday, September 5th. Five 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 given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $40.91.
Intel Corporation (NASDAQ:INTC) opened at 39.79 on Monday. The stock has a market cap of $186.97 billion, a PE ratio of 15.19 and a beta of 1.07. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.95. The company has a 50-day moving average of $37.23 and a 200-day moving average of $35.94.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for 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 company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. On average, equities analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.74%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction 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 owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the sale, the executive vice president now owns 114,542 shares of the company’s stock, 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 valued at $3,095,110 in the last quarter. 0.08% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation in the first quarter valued at $113,000. Acrospire Investment Management LLC lifted its holdings in shares of 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 period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of 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 period. Orrstown Financial Services Inc. lifted its holdings in shares of Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after buying an additional 857 shares during the period. Finally, Winfield Associates Inc. lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 67.02% 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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