Intel Corporation (INTC) Scheduled to Post Quarterly Earnings on Monday

Intel Corporation (NASDAQ:INTC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 16th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Intel Corporation has set its Q3 guidance at $0.75-0.85 EPS and its FY17 guidance at $2.85-3.15 EPS.

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 company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts expect Intel Corporation to post $3.01 EPS for the current fiscal year and $3.10 EPS for the next fiscal year.

Intel Corporation (NASDAQ INTC) opened at 39.63 on Monday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.89. The company’s 50 day moving average price is $36.48 and its 200-day moving average price is $35.78. The company has a market capitalization of $186.22 billion, a P/E ratio of 15.13 and a beta of 1.07.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.

INTC has been the topic of several analyst reports. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 target price on the stock in a report on Monday, June 12th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Intel Corporation in a report on Friday, June 16th. BidaskClub lowered Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Bank of America Corporation lowered Intel Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $38.00 in a report on Wednesday, June 21st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Intel Corporation in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Intel Corporation has an average rating of “Hold” and an average target price of $40.68.

TRADEMARK VIOLATION NOTICE: “Intel Corporation (INTC) Scheduled to Post Quarterly Earnings on Monday” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/intel-corporation-intc-scheduled-to-post-quarterly-earnings-on-monday.html.

In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock worth $3,095,110 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

A number of institutional investors have recently made changes to their positions in INTC. Janus Henderson Group PLC lifted its position in Intel Corporation by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors lifted its position in Intel Corporation by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors lifted its position in Intel Corporation by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. lifted its position in Intel Corporation by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Intel Corporation by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock worth $469,232,000 after buying an additional 4,029,462 shares in the last quarter. Hedge funds and other institutional investors own 67.03% of the company’s stock.

About Intel Corporation

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments

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 company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts expect Intel Corporation to post $3.01 EPS for the current fiscal year and $3.10 EPS for the next fiscal year.

Intel Corporation (NASDAQ INTC) opened at 39.63 on Monday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.89. The company’s 50 day moving average price is $36.48 and its 200-day moving average price is $35.78. The company has a market capitalization of $186.22 billion, a P/E ratio of 15.13 and a beta of 1.07.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.

INTC has been the topic of several analyst reports. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 target price on the stock in a report on Monday, June 12th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Intel Corporation in a report on Friday, June 16th. BidaskClub lowered Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Bank of America Corporation lowered Intel Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $38.00 in a report on Wednesday, June 21st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Intel Corporation in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Intel Corporation has an average rating of “Hold” and an average target price of $40.68.

TRADEMARK VIOLATION NOTICE: “Intel Corporation (INTC) Scheduled to Post Quarterly Earnings on Monday” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/intel-corporation-intc-scheduled-to-post-quarterly-earnings-on-monday.html.

In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock worth $3,095,110 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

A number of institutional investors have recently made changes to their positions in INTC. Janus Henderson Group PLC lifted its position in Intel Corporation by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors lifted its position in Intel Corporation by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors lifted its position in Intel Corporation by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. lifted its position in Intel Corporation by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Intel Corporation by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock worth $469,232,000 after buying an additional 4,029,462 shares in the last quarter. Hedge funds and other institutional investors own 67.03% of the company’s stock.

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).

Earnings History for Intel Corporation (NASDAQ:INTC)

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