Intel Corp. (NASDAQ:INTC)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $36.33 and last traded at $36.05, with a volume of 9,409,538 shares changing hands. The stock had previously closed at $36.02.

Several equities analysts recently commented on the stock. Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 price objective (up from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 price objective on shares of Intel Corp. and gave the company a “neutral” rating in a research report on Friday, July 22nd. Sanford C. Bernstein set a $26.00 price objective on shares of Intel Corp. and gave the company a “sell” rating in a research report on Monday, May 30th. Finally, Argus reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a research report on Monday, July 25th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $37.32.

The company has a market cap of $170.41 billion and a price-to-earnings ratio of 17.47. The company’s 50 day moving average price is $35.03 and its 200-day moving average price is $32.31.

Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. During the same period last year, the business posted $0.55 EPS. The company earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Intel Corp. will post $2.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, August 3rd.

In other Intel Corp. news, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the sale, the chief financial officer now owns 263,772 shares of the company’s stock, valued at approximately $9,092,220.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 71,413 shares of Intel Corp. stock in a transaction on Friday, July 1st. The shares were sold at an average price of $32.73, for a total value of $2,337,347.49. Following the sale, the chief executive officer now directly owns 435,796 shares in the company, valued at approximately $14,263,603.08. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. WBI Investments Inc. acquired a new stake in shares of Intel Corp. during the fourth quarter valued at $8,646,000. QCI Asset Management Inc. NY increased its stake in shares of Intel Corp. by 0.5% in the fourth quarter. QCI Asset Management Inc. NY now owns 398,366 shares of the chip maker’s stock valued at $13,724,000 after buying an additional 1,860 shares during the last quarter. Alerus Investment Advisors Corp increased its stake in shares of Intel Corp. by 11.8% in the fourth quarter. Alerus Investment Advisors Corp now owns 51,301 shares of the chip maker’s stock valued at $1,768,000 after buying an additional 5,407 shares during the last quarter. Atlantic Trust Group LLC increased its stake in shares of Intel Corp. by 1.0% in the fourth quarter. Atlantic Trust Group LLC now owns 568,478 shares of the chip maker’s stock valued at $19,584,000 after buying an additional 5,523 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Intel Corp. by 2.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 1,408,387 shares of the chip maker’s stock valued at $48,519,000 after buying an additional 34,300 shares during 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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