Intel Corp. (NASDAQ:INTC) had its target price increased by Cowen and Company from $36.00 to $38.00 in a research report sent to investors on Friday. They currently have a market perform rating on the chip maker’s stock.

A number of other equities analysts have also commented on the company. Morgan Stanley reiterated an underweight rating and issued a $31.00 price objective on shares of Intel Corp. in a research note on Wednesday, September 14th. Wells Fargo & Co. restated an outperform rating on shares of Intel Corp. in a research note on Tuesday, September 13th. Credit Suisse Group AG restated a buy rating and set a $40.00 price target on shares of Intel Corp. in a research note on Monday, September 12th. Citigroup Inc. restated a neutral rating on shares of Intel Corp. in a research note on Monday, September 12th. Finally, Sanford C. Bernstein restated a hold rating on shares of Intel Corp. in a research note on Thursday, September 8th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $39.01.

Shares of Intel Corp. (NASDAQ:INTC) opened at 37.45 on Friday. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05. The company has a market cap of $177.18 billion, a P/E ratio of 18.16 and a beta of 0.93. The firm’s 50-day moving average price is $35.62 and its 200 day moving average price is $32.97.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, equities analysts predict that Intel Corp. will post $2.57 EPS for the current fiscal 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 paid 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 2.78%. Intel Corp.’s dividend 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 dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the sale, the vice president now directly owns 84,505 shares in the company, valued at approximately $2,912,042.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the sale, the chairman now owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in INTC. Williams Jones & Associates LLC raised its stake in Intel Corp. by 282.2% in the second quarter. Williams Jones & Associates LLC now owns 175,244 shares of the chip maker’s stock worth $5,748,000 after buying an additional 129,387 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Intel Corp. during the second quarter worth $6,254,000. Kentucky Retirement Systems purchased a new stake in Intel Corp. during the second quarter worth $13,171,000. AR Asset Management Inc. raised its stake in Intel Corp. by 0.9% in the second quarter. AR Asset Management Inc. now owns 56,500 shares of the chip maker’s stock worth $1,853,000 after buying an additional 500 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Intel Corp. by 43.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 352,609 shares of the chip maker’s stock worth $11,566,000 after buying an additional 106,773 shares in the last quarter. Institutional investors and hedge funds 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.

5 Day Chart for NASDAQ:INTC

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