Intel Corp. (NASDAQ:INTC) – Equities researchers at Roth Capital lifted their Q3 2016 earnings per share (EPS) estimates for shares of Intel Corp. in a research report issued to clients and investors on Friday. Roth Capital analyst S. Desilva now forecasts that the firm will post earnings per share of $0.72 for the quarter, up from their prior forecast of $0.68. Roth Capital currently has a “Buy” rating and a $43.00 target price on the stock. Roth Capital also issued estimates for Intel Corp.’s Q4 2016 earnings at $0.74 EPS, FY2016 earnings at $2.60 EPS, Q1 2017 earnings at $0.61 EPS, Q2 2017 earnings at $0.66 EPS, Q3 2017 earnings at $0.75 EPS, Q4 2017 earnings at $0.81 EPS and FY2017 earnings at $2.84 EPS.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a research report on Wednesday, June 8th. 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 report on Wednesday, June 8th. Sterne Agee CRT reissued a “buy” rating and issued a $38.00 price objective on shares of Intel Corp. in a research report on Tuesday, May 31st. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, June 21st. Finally, Argus reissued a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a research report on Wednesday, June 29th. 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 company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.01.

Shares of Intel Corp. (NASDAQ:INTC) opened at 37.14 on Monday. The stock’s 50 day moving average is $35.53 and its 200-day moving average is $32.94. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05. The stock has a market cap of $175.71 billion, a PE ratio of 18.01 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 50.24%.

In other news, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the sale, the vice president now directly owns 84,505 shares in the company, valued at $2,912,042.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory R. Pearson sold 5,662 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $34.87, for a total transaction of $197,433.94. Following the completion of the sale, the vice president now owns 86,635 shares of the company’s stock, valued at $3,020,962.45. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Carnick & Kubik LLC acquired a new stake in shares of Intel Corp. during the first quarter worth approximately $100,000. Global X Management Co. LLC boosted its stake 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 period. Penserra Capital Management LLC boosted its stake 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 period. Nelson Roberts Investment Advisors LLC boosted its stake 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 period. Finally, Proficio Capital Partners LLC boosted its stake 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 period. Institutional investors and hedge funds 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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