Intel Corp. (INTC) Now Covered by Analysts at Susquehanna
A number of other brokerages have also weighed in on INTC. B. Riley restated a buy rating and issued a $45.00 target price (up from $42.00) on shares of Intel Corp. in a research note on Friday. Citigroup Inc. raised their target price on Intel Corp. from $35.00 to $38.00 and gave the company a neutral rating in a research note on Monday. BMO Capital Markets restated a hold rating and issued a $34.00 target price on shares of Intel Corp. in a research note on Monday. Stifel Nicolaus set a $39.00 target price on Intel Corp. and gave the company a buy rating in a research note on Monday. Finally, Robert W. Baird raised their target price on Intel Corp. from $40.00 to $42.00 and gave the company an outperform rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the stock. Intel Corp. currently has an average rating of Buy and a consensus target price of $39.01.
Intel Corp. (NASDAQ:INTC) traded up 0.27% during mid-day trading on Tuesday, reaching $37.24. The company’s stock had a trading volume of 3,345,711 shares. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.05. The stock’s 50 day moving average is $35.53 and its 200 day moving average is $32.94. The company has a market cap of $176.18 billion, a price-to-earnings ratio of 18.06 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data 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. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts predict that Intel Corp. will post $2.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. Intel Corp.’s dividend payout ratio is presently 50.24%.
In related news, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the transaction, the vice president now owns 92,826 shares in the company, valued at approximately $3,388,149. The sale was disclosed in a document filed 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 dated 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 transaction, the chief executive officer now owns 435,796 shares in the company, valued at approximately $14,263,603.08. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC increased its position in Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the period. Carnick & Kubik LLC purchased a new position in Intel Corp. during the first quarter worth $100,000. Penserra Capital Management LLC increased its position in Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the period. Proficio Capital Partners LLC increased its position in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the period. Finally, Nelson Roberts Investment Advisors LLC increased its position in Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the period. Institutional investors own 64.77% of the company’s stock.
About Intel Corp.
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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