BMO Capital Markets reissued their hold rating on shares of Intel Corp. (NASDAQ:INTC) in a research note released on Monday. The brokerage currently has a $34.00 price target on the chip maker’s stock.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Several other analysts have also recently weighed in on INTC. Royal Bank Of Canada reaffirmed a hold rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reaffirmed a buy rating and set a $42.00 price objective on shares of Intel Corp. in a research note on Tuesday, July 26th. Wells Fargo & Co. reaffirmed a buy rating on shares of Intel Corp. in a research note on Sunday, September 4th. Argus reaffirmed a buy rating and set a $41.00 price objective on shares of Intel Corp. in a research note on Monday, July 25th. Finally, Sanford C. Bernstein set a $31.00 price objective on shares of Intel Corp. and gave the stock a hold rating in a research note on Thursday, July 21st. Three equities research 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. Intel Corp. has an average rating of Buy and a consensus target price of $39.06.

Intel Corp. (NASDAQ:INTC) opened at 37.55 on Monday. Intel Corp. has a 12-month low of $27.68 and a 12-month 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 issued 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. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, analysts anticipate that Intel Corp. will post $2.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. 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 dividend payout ratio (DPR) is presently 50.24%.

In other Intel Corp. news, Chairman Andy D. Bryant sold 445,095 shares of the business’s 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 sale, the chairman now directly 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 available at this hyperlink. Also, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the sale, the chief executive officer now directly owns 435,796 shares in the company, valued at $14,263,603.08. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Large investors have recently bought and sold shares of the company. Pioneer Investment Management Inc. raised its stake in Intel Corp. by 98.3% in the fourth quarter. Pioneer Investment Management Inc. now owns 169,339 shares of the chip maker’s stock worth $5,834,000 after buying an additional 83,945 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in Intel Corp. by 5.3% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 118,499 shares of the chip maker’s stock worth $3,834,000 after buying an additional 5,913 shares during the last quarter. Hollencrest Securities LLC raised its stake in Intel Corp. by 3.2% in the first quarter. Hollencrest Securities LLC now owns 72,054 shares of the chip maker’s stock worth $2,331,000 after buying an additional 2,211 shares during the last quarter. Stillwater Investment Management LLC raised its stake in Intel Corp. by 0.7% in the first quarter. Stillwater Investment Management LLC now owns 43,654 shares of the chip maker’s stock worth $1,328,000 after buying an additional 324 shares during the last quarter. Finally, First American Bank raised its stake in Intel Corp. by 4.1% in the first quarter. First American Bank now owns 133,085 shares of the chip maker’s stock worth $4,305,000 after buying an additional 5,218 shares during the last quarter. 64.77% of the stock is currently owned by hedge funds and other 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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