Intel Corp. (NASDAQ:INTC) – Investment analysts at Jefferies Group upped their Q3 2016 earnings per share estimates for shares of Intel Corp. in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Lipacis now expects that the brokerage will post earnings of $0.72 per share for the quarter, up from their prior forecast of $0.66. Jefferies Group currently has a “Buy” rating and a $49.00 price target on the stock. Jefferies Group also issued estimates for Intel Corp.’s FY2017 earnings at $3.26 EPS.

A number of other analysts also recently issued reports on the company. Brean Capital reissued a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of Intel Corp. in a research report on Thursday. B. Riley reissued a “buy” rating and issued a $45.00 target price on shares of Intel Corp. in a research report on Wednesday. Canaccord Genuity raised their target price on Intel Corp. from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley reissued an “underweight” rating and issued a $34.00 target price on shares of Intel Corp. in a research report on Tuesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $44.00 target price (up from $42.00) on shares of Intel Corp. in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $39.06.

Intel Corp. (NASDAQ:INTC) opened at 37.55 on Wednesday. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The firm has a market cap of $177.65 billion, a PE ratio of 18.21 and a beta of 0.93. The firm has a 50-day moving average price of $35.71 and a 200-day moving average price of $33.00.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. Intel Corp.’s revenue was up 2.6% on a year-over-year basis.

The firm also recently announced 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 is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.

In related news, 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 transaction of $2,337,347.49. Following the completion of the transaction, the chief executive officer now owns 435,796 shares of the company’s stock, valued at $14,263,603.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the transaction, the chairman now directly owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Pioneer Investment Management Inc. boosted its position in shares of Intel Corp. by 98.3% in the fourth quarter. Pioneer Investment Management Inc. now owns 169,339 shares of the chip maker’s stock valued at $5,834,000 after buying an additional 83,945 shares during the period. First American Bank boosted its position in shares of Intel Corp. by 4.1% in the first quarter. First American Bank now owns 133,085 shares of the chip maker’s stock valued at $4,305,000 after buying an additional 5,218 shares during the period. New England Research & Management Inc. boosted its position in shares of Intel Corp. by 4.0% in the first quarter. New England Research & Management Inc. now owns 40,533 shares of the chip maker’s stock valued at $1,311,000 after buying an additional 1,550 shares during the period. Trust Co. of Virginia VA boosted its position in shares of Intel Corp. by 15.8% in the first quarter. Trust Co. of Virginia VA now owns 195,545 shares of the chip maker’s stock valued at $6,326,000 after buying an additional 26,707 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Intel Corp. by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,547,912 shares of the chip maker’s stock valued at $147,124,000 after buying an additional 75,574 shares during the period. 64.77% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:INTC

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.