Morgan Stanley reissued their underweight rating on shares of Intel Corp. (NASDAQ:INTC) in a research note issued to investors on Wednesday morning. They currently have a $31.00 price target on the chip maker’s stock.

INTC has been the topic of a number of other reports. Sanford C. Bernstein set a $26.00 price objective on shares of Intel Corp. and gave the company a sell rating in a research note on Monday, May 30th. Sterne Agee CRT reaffirmed a buy rating and issued a $38.00 price objective on shares of Intel Corp. in a research note on Tuesday, May 31st. Vetr cut 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 note on Wednesday, June 8th. Wells Fargo & Co. reaffirmed a buy rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Finally, Pacific Crest raised shares of Intel Corp. to an outperform rating in a research note 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 company’s stock. Intel Corp. has a consensus rating of Buy and an average target price of $38.54.

Shares of Intel Corp. (NASDAQ:INTC) opened at 37.16 on Wednesday. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05. The firm’s 50-day moving average is $35.47 and its 200 day moving average is $32.89. The firm has a market capitalization of $175.80 billion, a P/E ratio of 18.02 and a beta of 0.93.

Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Equities research analysts forecast that Intel Corp. will post $2.54 EPS for the current fiscal year.

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

In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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. 0.09% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Day & Ennis LLC increased its position 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 worth $245,000 after buying an additional 27 shares during the last quarter. D. Scott Neal Inc. increased its position 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 worth $163,000 after buying an additional 35 shares during the last quarter. Amarillo National Bank increased its position 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 worth $477,000 after buying an additional 37 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its position 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 worth $147,000 after buying an additional 37 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its position 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 worth $265,000 after buying an additional 48 shares during the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:INTC

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