Intel Corporation (INTC) Releases Q4 Earnings Guidance

Intel Corporation (NASDAQ:INTC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.81-0.91 for the period, compared to the Thomson Reuters consensus estimate of $0.83. The company issued revenue guidance of $15.8-16.8 billion, compared to the consensus revenue estimate of $16.11 billion.Intel Corporation also updated its FY17 guidance to $3.20-3.30 EPS.

Shares of Intel Corporation (INTC) opened at $45.58 on Monday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The company has a market cap of $213,314.41, a PE ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. sell-side analysts expect that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.

A number of brokerages recently issued reports on INTC. Stifel Nicolaus reiterated a buy rating and set a $50.00 price objective on shares of Intel Corporation in a research note on Wednesday, November 1st. BMO Capital Markets upgraded Intel Corporation from a market perform rating to an outperform rating in a research note on Monday, October 30th. Sanford C. Bernstein set a $34.00 price objective on Intel Corporation and gave the company a sell rating in a research note on Friday, October 27th. Canaccord Genuity boosted their price objective on Intel Corporation from $38.00 to $41.00 and gave the company a hold rating in a research note on Friday, October 27th. Finally, Roth Capital upped their price target on Intel Corporation from $43.00 to $50.00 and gave the stock a buy rating in a research note on Friday, October 27th. Five 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $43.00.

In other Intel Corporation news, Director David B. Yoffie sold 30,000 shares of Intel Corporation stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.93, for a total value of $1,347,900.00. Following the sale, the director now owns 50,005 shares in the company, valued at $2,246,724.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders sold 659,036 shares of company stock worth $28,872,880 in the last 90 days. Company insiders own 0.08% of the company’s stock.

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Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its holdings in shares of Intel Corporation by 111.8% in the 2nd 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 during the period. Clearwater Capital Partners LLC raised its holdings in shares of Intel Corporation by 3.8% in the 2nd quarter. Clearwater Capital Partners LLC now owns 6,007 shares of the chip maker’s stock valued at $202,000 after buying an additional 219 shares during the period. Horizon Investment Services LLC purchased a new stake in shares of Intel Corporation in the 2nd quarter valued at $202,000. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Intel Corporation by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the period. Finally, Krilogy Financial LLC raised its holdings in shares of Intel Corporation by 3.8% in the 2nd quarter. Krilogy Financial LLC now owns 7,906 shares of the chip maker’s stock valued at $267,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 67.38% 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 and Estimates for Intel Corporation (NASDAQ:INTC)

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