Intel Corp. (INTC) Given Outperform Rating at Credit Suisse Group AG
Credit Suisse Group AG restated their outperform rating on shares of Intel Corp. (NASDAQ:INTC) in a research report released on Monday morning. Credit Suisse Group AG currently has a $40.00 price objective on the chip maker’s stock.
Several other research analysts have also recently issued reports on INTC. Sanford C. Bernstein set a $26.00 price target on Intel Corp. and gave the company a sell rating in a report on Monday, May 30th. Sterne Agee CRT reissued a buy rating and set a $38.00 target price on shares of Intel Corp. in a research note on Tuesday, May 31st. Vetr downgraded shares of Intel Corp. from a strong-buy rating to a buy rating and set a $34.92 target price on the stock. in a research note on Wednesday, June 8th. Wells Fargo & Co. reissued a buy rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Finally, Pacific Crest raised shares of Intel Corp. to an outperform rating in a research note on Monday, June 13th. Three 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 stock. The company has an average rating of Buy and a consensus price target of $39.06.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.55 on Monday. The firm has a market cap of $177.65 billion, a PE ratio of 18.21 and a beta of 0.93. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05. The stock’s 50 day moving average price is $35.71 and its 200 day moving average price is $33.00.
Intel Corp. (NASDAQ:INTC) last released its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm 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%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that Intel Corp. will post $2.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
In other news, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction on 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 directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the sale, the vice president now directly owns 92,826 shares in the company, valued at $3,388,149. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Several large investors have recently bought and sold shares of INTC. Global X Management Co. LLC raised its stake in 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 in the last quarter. Carnick & Kubik LLC purchased a new stake in Intel Corp. during the first quarter worth approximately $100,000. Penserra Capital Management LLC raised its stake in 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 in the last quarter. Proficio Capital Partners LLC raised its stake in 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 in the last quarter. Finally, Nelson Roberts Investment Advisors LLC raised its stake in 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 in the last quarter. 64.77% of the stock is currently owned by institutional investors.
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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