Intel Corp. (INTC) Trading Down 4.6%
Intel Corp. (NASDAQ:INTC) shares fell 4.6% during mid-day trading on Thursday . The company traded as low as $33.93 and last traded at $34.06, with a volume of 36,860,915 shares changing hands. The stock had previously closed at $35.69.
A number of brokerages have issued reports on INTC. B. Riley reissued a “buy” rating and set a $40.00 price objective on shares of Intel Corp. in a report on Monday, April 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Intel Corp. in a report on Saturday, April 2nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Intel Corp. in a report on Saturday, April 2nd. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $31.60 price target on shares of Intel Corp. in a report on Thursday, April 21st. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Intel Corp. in a report on Tuesday, May 3rd. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty have issued a buy rating to the company. Intel Corp. presently has a consensus rating of “Buy” and a consensus target price of $36.51.
The company has a market cap of $161.82 billion and a P/E ratio of 14.64. The company has a 50-day moving average price of $32.80 and a 200 day moving average price of $31.33.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Intel Corp. will post $2.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, August 3rd.
In other Intel Corp. news, VP William M. Holt sold 4,603 shares of Intel Corp. stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $31.35, for a total value of $144,304.05. Following the transaction, the vice president now directly owns 22,131 shares of the company’s stock, valued at $693,806.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of Intel Corp. stock in a transaction on Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the completion of the transaction, the chief executive officer now directly owns 435,796 shares in the company, valued at $14,263,603.08. The disclosure for this sale can be found here.
Other institutional investors have recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. raised its position in Intel Corp. by 28.8% in the fourth quarter. Highstreet Asset Management Inc. now owns 246,504 shares of the chip maker’s stock valued at $8,492,000 after buying an additional 55,068 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in Intel Corp. by 15.3% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 571,194 shares of the chip maker’s stock valued at $19,678,000 after buying an additional 75,719 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Intel Corp. by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,225,600 shares of the chip maker’s stock valued at $42,222,000 after buying an additional 11,300 shares in the last quarter. California State Teachers Retirement System raised its position in Intel Corp. by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 9,051,461 shares of the chip maker’s stock valued at $311,823,000 after buying an additional 121,483 shares in the last quarter. Finally, Sanders Capital LLC raised its position in Intel Corp. by 2.8% in the fourth quarter. Sanders Capital LLC now owns 9,017,234 shares of the chip maker’s stock valued at $319,574,000 after buying an additional 248,600 shares in the last quarter.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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