Intel Corp. (INTC) PT Raised to $43.00 at Roth Capital
Intel Corp. (NASDAQ:INTC) had its price objective upped by equities research analysts at Roth Capital from $40.00 to $43.00 in a research note issued on Monday. The firm presently has a “buy” rating on the chip maker’s stock. Roth Capital’s price target points to a potential upside of 15.78% from the company’s current price.
INTC has been the subject of a number of other research 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 for the company. 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 equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.01.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.14 on Monday. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.05. The firm has a 50-day moving average of $35.53 and a 200 day moving average of $32.94. The company has a market capitalization of $175.71 billion, a P/E ratio of 18.01 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The firm had revenue of $13.50 billion for 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%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, equities research analysts expect that Intel Corp. will post $2.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a $0.26 dividend. 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 payout ratio is currently 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the transaction, the vice president now owns 84,505 shares in the company, valued at approximately $2,912,042.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the firm’s 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 completion of 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. 0.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in INTC. Carnick & Kubik LLC purchased a new position in shares of Intel Corp. during the first quarter worth $100,000. Global X Management Co. LLC raised its position in shares of 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 last quarter. Penserra Capital Management LLC raised its position in shares of 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 last quarter. Nelson Roberts Investment Advisors LLC raised its position in shares of 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 last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of 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 last quarter. Institutional investors own 64.77% of the company’s stock.
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.
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.