Oppenheimer Holdings, Inc. restated their hold rating on shares of Intel Corporation (NASDAQ:INTC) in a report published on Friday. Oppenheimer Holdings also issued estimates for Intel Corporation’s Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $3.00 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $3.10 EPS.
Other analysts have also recently issued reports about the company. B. Riley reaffirmed a buy rating and set a $44.00 price objective on shares of Intel Corporation in a research report on Monday, April 3rd. Vetr cut Intel Corporation from a buy rating to a hold rating and set a $37.50 price objective on the stock. in a research report on Monday, April 3rd. Jefferies Group LLC set a $38.00 price objective on Intel Corporation and gave the company a hold rating in a research report on Saturday, June 3rd. Wells Fargo & Company reaffirmed an outperform rating and set a $45.00 price objective on shares of Intel Corporation in a research report on Wednesday, April 19th. Finally, Cowen and Company reaffirmed a market perform rating and set a $39.00 price objective on shares of Intel Corporation in a research report on Friday, April 28th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and an average price target of $40.45.
Intel Corporation (INTC) traded up 0.45% on Friday, reaching $35.47. The company had a trading volume of 16,237,230 shares. The firm has a market capitalization of $166.67 billion, a price-to-earnings ratio of 13.54 and a beta of 1.00. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The company’s 50 day moving average is $34.55 and its 200-day moving average is $35.75.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for 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%. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. On average, equities research analysts expect that Intel Corporation will post $2.86 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.09%. Intel Corporation’s dividend payout ratio is currently 41.76%.
In other news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert Holmes Swan acquired 13,888 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were acquired at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the purchase, the chief financial officer now owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The disclosure for this purchase can be found here. Insiders sold a total of 75,931 shares of company stock worth $2,561,787 over the last 90 days. Insiders own 0.09% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in INTC. Norges Bank purchased a new stake in shares of Intel Corporation during the fourth quarter valued at $1,684,790,000. Schwab Charles Investment Management Inc. increased its stake in shares of Intel Corporation by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock valued at $860,668,000 after buying an additional 764,551 shares during the period. Fisher Asset Management LLC increased its stake in shares of Intel Corporation by 3.1% in the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock valued at $701,500,000 after buying an additional 623,698 shares during the period. Sanders Capital LLC increased its stake in shares of Intel Corporation by 2.2% in the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock valued at $545,383,000 after buying an additional 316,800 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Intel Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 12,245,831 shares of the chip maker’s stock valued at $444,156,000 after buying an additional 32,040 shares during the period. Hedge funds and other institutional investors own 67.41% of the company’s stock.
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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