Morgan Stanley reissued their underweight rating on shares of Intel Corp. (NASDAQ:INTC) in a research report report published on Wednesday. The firm currently has a $31.00 price target on the chip maker’s stock.

Several other research analysts also recently commented on INTC. Sanford C. Bernstein set a $26.00 target price on shares of Intel Corp. and gave the stock a sell rating in a research note on Monday, May 30th. Sterne Agee CRT reissued a buy rating and set a $38.00 price objective on shares of Intel Corp. in a research report on Tuesday, May 31st. Vetr downgraded shares of Intel Corp. from a strong-buy rating to a buy rating and set a $34.92 price objective on the stock. in a research report on Wednesday, June 8th. Wells Fargo & Co. reissued a buy rating on shares of Intel Corp. in a research report on Wednesday, June 8th. Finally, Pacific Crest raised shares of Intel Corp. to an outperform rating in a research report on Monday, June 13th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $38.54.

Shares of Intel Corp. (NASDAQ:INTC) opened at 37.16 on Wednesday. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The stock has a 50 day moving average of $35.47 and a 200 day moving average of $32.89. The stock has a market cap of $175.80 billion, a P/E ratio of 18.02 and a beta of 0.93.

Intel Corp. (NASDAQ:INTC) last issued its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that Intel Corp. will post $2.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.

In other Intel Corp. news, CFO Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were 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 directly 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 SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the sale, 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. Company insiders own 0.09% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Day & Ennis LLC increased its stake in shares of Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock valued at $245,000 after buying an additional 27 shares during the period. D. Scott Neal Inc. increased its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the period. Amarillo National Bank increased its stake in shares of Intel Corp. by 0.3% in the first quarter. Amarillo National Bank now owns 14,739 shares of the chip maker’s stock valued at $477,000 after buying an additional 37 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in shares of Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock valued at $147,000 after buying an additional 37 shares during the period. Finally, Beaumont Financial Partners LLC increased its stake in shares of Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock valued at $265,000 after buying an additional 48 shares during the period. 64.77% of the stock is currently owned by institutional investors.

Intel Corp. Company Profile

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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