Robert W. Baird Reiterates “Outperform” Rating for Intel Corp. (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “outperform” rating reiterated by research analysts at Robert W. Baird in a report issued on Tuesday. They presently have a $42.00 price target on the chip maker’s stock. Robert W. Baird’s price objective points to a potential upside of 21.00% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Instinet reissued a “buy” rating and set a $35.50 target price on shares of Intel Corp. in a research report on Tuesday. Vetr raised shares of Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $39.45 target price for the company in a research report on Thursday, November 24th. Argus restated a “buy” rating on shares of Intel Corp. in a report on Wednesday, November 23rd. Zacks Investment Research downgraded shares of Intel Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. Finally, Susquehanna restated a “positive” rating and set a $45.00 price objective (up previously from $42.00) on shares of Intel Corp. in a report on Thursday, November 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. Intel Corp. has an average rating of “Buy” and an average price target of $39.61.
Shares of Intel Corp. (NASDAQ:INTC) opened at 34.70 on Tuesday. The company has a market cap of $164.44 billion, a PE ratio of 16.28 and a beta of 1.07. The stock’s 50 day moving average price is $35.38 and its 200-day moving average price is $34.52. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36.
Intel Corp. (NASDAQ:INTC) last released its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The firm earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. On average, equities research analysts forecast that Intel Corp. will post $2.67 earnings per share for the current 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 49.06%.
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In related news, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, 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 this link. Also, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. increased its stake in 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 increased its stake in 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 increased its stake in 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. Private Asset Management Inc. increased its stake in Intel Corp. by 0.4% in the third quarter. Private Asset Management Inc. now owns 448,140 shares of the chip maker’s stock valued at $16,917,000 after buying an additional 1,914 shares during the period. Finally, CIBC World Markets Inc. increased its stake in 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. 64.89% 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.
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