MKM Partners Reaffirms Buy Rating for Intel Corporation (NASDAQ:INTC)
MKM Partners restated their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research report released on Tuesday. MKM Partners currently has a $42.00 price target on the chip maker’s stock.
Other equities analysts also recently issued research reports about the stock. B. Riley reiterated a buy rating and issued a $44.00 price target on shares of Intel Corporation in a report on Monday, April 3rd. Vetr downgraded shares of Intel Corporation from a buy rating to a hold rating and set a $37.50 price target on the stock. in a report on Monday, April 3rd. Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the stock a hold rating in a report on Saturday, June 3rd. Wells Fargo & Company reiterated an outperform rating and issued a $45.00 price target on shares of Intel Corporation in a report on Wednesday, April 19th. Finally, Cowen and Company reiterated a market perform rating and issued a $39.00 price target on shares of Intel Corporation in a report on Friday, April 28th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $40.09.
Intel Corporation (NASDAQ:INTC) traded down 0.0961% during trading on Tuesday, hitting $34.7166. 13,361,702 shares of the company were exchanged. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The stock has a market capitalization of $163.48 billion, a PE ratio of 15.0288 and a beta of 1.00. The firm’s 50 day moving average price is $34.80 and its 200-day moving average price is $35.81. Intel Corporation also was the recipient of some unusual options trading activity on Tuesday. Traders purchased 51,256 call options on the stock. This represents an increase of approximately 188% compared to the typical daily volume of 17,824 call options.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The company had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Intel Corporation’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts predict that Intel Corporation will post $2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.14%. Intel Corporation’s payout ratio is 47.39%.
In other news, CFO Robert Holmes Swan purchased 13,888 shares of the business’s stock in a transaction on Monday, June 5th. The shares were bought at an average price of $36.31 per share, with a total value of $504,273.28. Following the completion of the transaction, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,497 shares of company stock valued at $3,096,208. 0.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cordasco Financial Network raised its position in Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the period. Summit Asset Management LLC raised its position in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares during the period. First Hawaiian Bank raised its position in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the period. First Command Financial Services Inc. raised its position in Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares during the period. Finally, Conservest Capital Advisors Inc. raised its position in Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after buying an additional 51 shares during the period. 67.35% of the stock is currently owned by institutional investors.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.