Intel Corporation (NASDAQ:INTC) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.75-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.74. The company issued revenue guidance of $15.2-16.2 billion, compared to the consensus revenue estimate of $15.33 billion.Intel Corporation also updated its FY17 guidance to $2.85-3.15 EPS.
Several research analysts have weighed in on the stock. B. Riley restated a buy rating and set a $44.00 target price on shares of Intel Corporation in a research report on Wednesday, May 3rd. Jefferies Group LLC restated an underperform rating and set a $30.00 target price (up from $29.00) on shares of Intel Corporation in a research report on Friday. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. restated a hold rating on shares of Intel Corporation in a research report on Friday. Loop Capital restated a buy rating and set a $45.00 target price (up from $43.00) on shares of Intel Corporation in a research report on Friday. Finally, BidaskClub upgraded shares of Intel Corporation from a strong sell rating to a sell rating in a research report on Monday, July 24th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Intel Corporation has an average rating of Hold and an average price target of $40.37.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.97% during mid-day trading on Friday, hitting $35.31. 36,291,484 shares of the stock were exchanged. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The firm has a 50-day moving average price of $34.55 and a 200 day moving average price of $35.75. The company has a market capitalization of $165.92 billion, a PE ratio of 13.48 and a beta of 1.00. Intel Corporation also was the target of some unusual options trading activity on Thursday. Stock traders acquired 43,125 put options on the stock. This is an increase of 245% compared to the typical volume of 12,492 put options.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 22.14%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Intel Corporation will post $2.86 earnings per share for the current year.
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. This represents a $1.09 annualized dividend and a yield of 3.09%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $36.11, for a total value of $505,431.67. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,464.96. The disclosure for this sale can be found here. Insiders have sold a total of 89,928 shares of company stock valued at $3,067,218 in the last ninety days. Insiders own 0.09% of the company’s stock.
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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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