Intel Corporation (INTC) Receives Buy Rating from Loop Capital
Loop Capital reiterated their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research report sent to investors on Tuesday morning. They currently have a $45.00 target price on the chip maker’s stock.
Several other equities research analysts also recently commented on the company. BidaskClub downgraded Intel Corporation from a buy rating to a hold rating in a report on Friday, August 18th. Zacks Investment Research raised Intel Corporation from a hold rating to a buy rating and set a $40.00 target price on the stock in a research report on Thursday, August 17th. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a sell rating in a research report on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) reaffirmed a hold rating on shares of Intel Corporation in a research report on Wednesday, August 9th. Finally, Vetr lowered Intel Corporation from a strong-buy rating to a buy rating and set a $40.26 price objective on the stock. in a report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have issued a buy rating to the stock. Intel Corporation currently has an average rating of Hold and a consensus price target of $40.55.
Intel Corporation (NASDAQ:INTC) opened at 34.65 on Tuesday. The firm has a market capitalization of $162.82 billion, a PE ratio of 13.23 and a beta of 1.01. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The company has a 50 day moving average of $35.12 and a 200 day moving average of $35.62.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.15%. Intel Corporation’s payout ratio is currently 41.76%.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were 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 owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,921 shares of company stock valued at $3,130,162. Company insiders own 0.09% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp boosted its position in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares in the last quarter. Park National Corp OH raised its stake in shares of Intel Corporation by 2.3% in the second quarter. Park National Corp OH now owns 831,773 shares of the chip maker’s stock valued at $28,064,000 after buying an additional 18,938 shares during the last quarter. Ronna Sue Cohen raised its stake in shares of Intel Corporation by 1.0% in the second quarter. Ronna Sue Cohen now owns 111,443 shares of the chip maker’s stock valued at $3,760,000 after buying an additional 1,058 shares during the last quarter. Wsfs Capital Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter valued at about $280,000. Finally, Regentatlantic Capital LLC raised its stake in shares of Intel Corporation by 10.9% in the first quarter. Regentatlantic Capital LLC now owns 495,518 shares of the chip maker’s stock valued at $17,873,000 after buying an additional 48,759 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.
About Intel Corporation
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).
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