Intel Corp. (INTC) Given Sector Perform Rating at RBC Capital Markets
RBC Capital Markets reiterated their sector perform rating on shares of Intel Corp. (NASDAQ:INTC) in a research report report published on Monday morning. They currently have a $38.00 target price on the chip maker’s stock, up from their previous target price of $36.00.
INTC has been the topic of several other research reports. Citigroup Inc. reissued a neutral rating and issued a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 price target on Intel Corp. and gave the company a neutral rating in a research report on Friday, July 22nd. Sanford C. Bernstein set a $26.00 price target on Intel Corp. and gave the company a sell rating in a research report on Monday, May 30th. Finally, Argus reaffirmed a buy rating and set a $41.00 price target on shares of Intel Corp. in a research report on Monday, July 25th. Three investment 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. The company presently has a consensus rating of Buy and an average price target of $39.06.
Intel Corp. (NASDAQ:INTC) opened at 37.55 on Monday. 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 $177.65 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 data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Intel Corp. will post $2.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 250,192 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the sale, the vice president now directly owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the sale, the chairman now directly owns 399,557 shares in the company, valued at $13,860,632.33. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in INTC. Carnick & Kubik LLC bought a new stake in shares of Intel Corp. during the first quarter valued at $100,000. Global X Management Co. LLC increased its stake in shares of 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 valued at $100,000 after buying an additional 1,039 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares in the last quarter. Nelson Roberts Investment Advisors LLC increased its stake in shares of 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 valued at $113,000 after buying an additional 1,226 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares in the last quarter. 64.77% of the stock is currently owned by 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.
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