Mizuho reiterated their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a report released on Sunday morning. Mizuho currently has a $42.00 target price on the chip maker’s stock.
A number of other brokerages have also issued reports on INTC. Zacks Investment Research lowered shares of Intel Corporation from a hold rating to a sell rating in a research report on Monday, July 17th. Stifel Nicolaus reiterated a buy rating and issued a $39.00 target price on shares of Intel Corporation in a research report on Friday, July 14th. Bank of America Corporation lowered shares of Intel Corporation from a buy rating to a neutral rating and decreased their target price for the company from $42.00 to $38.00 in a research report on Wednesday, June 21st. Credit Suisse Group reiterated a neutral rating and issued a $35.00 target price on shares of Intel Corporation in a research report on Tuesday, July 4th. Finally, Vetr upgraded shares of Intel Corporation from a hold rating to a buy rating and set a $37.50 target price for the company in a research report on Monday, April 10th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $40.55.
Intel Corporation (INTC) opened at 36.35 on Friday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The firm’s 50-day moving average is $34.56 and its 200-day moving average is $35.72. The firm has a market cap of $170.81 billion, a PE ratio of 13.87 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last announced its earnings results 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 firm had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Equities analysts expect that Intel Corporation will post $2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. Intel Corporation’s payout ratio is 41.76%.
In other news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the sale, the executive vice president now owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,501 shares of company stock worth $2,581,891. 0.09% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Watermark Asset Management Inc. purchased a new position in shares of Intel Corporation during the first quarter valued at approximately $113,000. Orrstown Financial Services Inc. boosted its position 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 during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position 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 during the period. Winfield Associates Inc. boosted its position in shares of Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares during the period. Finally, Vigilant Capital Management LLC boosted its position 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 during the period. Institutional investors and hedge funds 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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