Intel Corp. Forecasted to Post FY2016 Earnings of $2.71 Per Share (INTC)
Intel Corp. (NASDAQ:INTC) – Investment analysts at Jefferies Group raised their FY2016 earnings per share estimates for Intel Corp. in a report issued on Monday. Jefferies Group analyst M. Lipacis now anticipates that the brokerage will post earnings of $2.71 per share for the year, up from their prior estimate of $2.62. 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 Q4 2016 earnings at $0.86 EPS, Q1 2017 earnings at $0.69 EPS, Q2 2017 earnings at $0.74 EPS, Q3 2017 earnings at $0.83 EPS and Q4 2017 earnings at $1.00 EPS.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. Intel Corp.’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS.
A number of other equities analysts also recently weighed in on INTC. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a research report on Saturday, July 9th. B. Riley reissued a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a research report on Tuesday, July 26th. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a research report on Sunday, September 4th. Argus reissued a “buy” rating and set a $41.00 price target on shares of Intel Corp. in a research report on Monday, July 25th. Finally, Sanford C. Bernstein set a $31.00 target price on Intel Corp. and gave the company a “hold” rating in a research report on Thursday, July 21st. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $39.01.
Intel Corp. (NASDAQ:INTC) opened at 37.45 on Tuesday. The company’s 50 day moving average price is $35.62 and its 200 day moving average price is $32.97. The company has a market cap of $177.18 billion, a P/E ratio of 18.16 and a beta of 0.93. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.05.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares during the period. Capital World Investors boosted its stake in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares during the period. Capital Research Global Investors boosted its stake in shares of Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock worth $3,381,823,000 after buying an additional 4,719,872 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the company’s 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 sale, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gregory R. Pearson sold 5,662 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was 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 in the company, valued at approximately $3,020,962.45. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
The firm 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. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
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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