Intel Corporation (NASDAQ:INTC) has been given a consensus rating of “Hold” by the forty-nine analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, twenty-eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $40.63.
A number of research firms have commented on INTC. ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Intel Corporation in a report on Thursday. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a report on Thursday. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday. Finally, BidaskClub lowered Intel Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 25th.
Intel Corporation (NASDAQ INTC) opened at 35.09 on Friday. The firm has a 50-day moving average price of $35.31 and a 200-day moving average price of $35.55. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The company has a market cap of $164.89 billion, a P/E ratio of 13.39 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. Equities research analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.11%. Intel Corporation’s dividend payout ratio is currently 41.76%.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation during the first quarter valued at approximately $113,000. Acrospire Investment Management LLC raised its stake in shares of Intel Corporation by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares in the last quarter. Finally, Vigilant Capital Management LLC raised its stake in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.
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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).
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