Intel Corp. (INTC) Upgraded at Vetr Inc.
Several other research firms also recently weighed in on INTC. B. Riley restated a buy rating and set a $42.00 price objective on shares of Intel Corp. in a report on Wednesday, August 17th. Robert W. Baird upped their price objective on shares of Intel Corp. from $40.00 to $42.00 and gave the stock an outperform rating in a report on Monday, September 19th. Brean Capital reiterated a buy rating and issued a $40.00 target price (up previously from $38.00) on shares of Intel Corp. in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of Intel Corp. from a hold rating to a buy rating and set a $42.00 target price for the company in a research note on Monday, September 26th. Finally, Citigroup Inc. reiterated a neutral rating and issued a $35.00 target price on shares of Intel Corp. in a research note on Wednesday, August 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $39.64.
Intel Corp. (NASDAQ:INTC) opened at 36.97 on Tuesday. The company has a market cap of $174.91 billion, a P/E ratio of 17.93 and a beta of 1.09. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The stock has a 50 day moving average of $36.79 and a 200-day moving average of $33.61.
Intel Corp. (NASDAQ:INTC) last released 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 net margin of 17.84% and a return on equity of 19.99%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The firm 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 $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.81%. Intel Corp.’s dividend payout ratio is presently 50.24%.
In other news, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the sale, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Pearson sold 250,192 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following 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. 0.09% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. James Investment Research Inc. boosted its stake in shares of Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the period. Park National Corp OH boosted its stake in shares of Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Intel Corp. during the first quarter valued at about $132,302,000. Finally, CIBC World Markets Inc. boosted its stake in shares of Intel Corp. by 14.2% in the second quarter. CIBC World Markets Inc. now owns 532,676 shares of the chip maker’s stock valued at $17,472,000 after buying an additional 66,041 shares during the period. 64.77% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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