Intel Corp. (NASDAQ:INTC) had its price objective increased by Mizuho from $38.00 to $42.00 in a research note published on Monday morning. Mizuho currently has a buy rating on the chip maker’s stock.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued a hold rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reaffirmed a buy rating and issued a $42.00 target price on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird lifted their target price on shares of Intel Corp. from $38.00 to $40.00 and gave the stock an outperform rating in a research note on Tuesday, September 6th. Cowen and Company lifted their target price on shares of Intel Corp. from $36.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, September 16th. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $35.00 target price (up from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $39.01.

Shares of Intel Corp. (NASDAQ:INTC) opened at 37.45 on Monday. The stock has a 50 day moving average price of $35.62 and a 200 day moving average price of $32.97. The firm has a market capitalization of $177.18 billion, a PE 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.

Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping 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 business earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same period last year, the company posted $0.55 EPS. The company’s revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Intel Corp. will post $2.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.

In other Intel Corp. news, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the sale, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. CHICAGO TRUST Co NA increased its stake in Intel Corp. by 0.6% in the first quarter. CHICAGO TRUST Co NA now owns 122,713 shares of the chip maker’s stock worth $3,969,000 after buying an additional 681 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Intel Corp. by 38.1% in the first quarter. Eqis Capital Management Inc. now owns 37,845 shares of the chip maker’s stock worth $1,224,000 after buying an additional 10,442 shares in the last quarter. Needelman Asset Management Inc. increased its stake in Intel Corp. by 2.0% in the first quarter. Needelman Asset Management Inc. now owns 34,855 shares of the chip maker’s stock worth $1,128,000 after buying an additional 696 shares in the last quarter. Union Bankshares Corp increased its stake in Intel Corp. by 3.1% in the first quarter. Union Bankshares Corp now owns 136,643 shares of the chip maker’s stock worth $4,421,000 after buying an additional 4,095 shares in the last quarter. Finally, Iowa State Bank increased its stake in Intel Corp. by 2.0% in the first quarter. Iowa State Bank now owns 82,035 shares of the chip maker’s stock worth $2,654,000 after buying an additional 1,625 shares in the last quarter. 64.77% of the stock is owned by institutional investors and hedge funds.

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.

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