Loop Capital reaffirmed their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a report issued on Tuesday morning. Loop Capital currently has a $45.00 price objective on the chip maker’s stock.
Several other brokerages have also weighed in on INTC. Jefferies Group LLC lowered shares of Intel Corporation to a hold rating and lifted their target price for the company from $36.00 to $38.00 in a research report on Friday, April 28th. B. Riley reiterated a buy rating and set a $44.00 target price on shares of Intel Corporation in a research report on Friday, April 28th. Sanford C. Bernstein reiterated a sell rating and set a $30.00 target price on shares of Intel Corporation in a research report on Tuesday, May 2nd. Vetr lowered shares of Intel Corporation from a strong-buy rating to a buy rating and set a $40.97 target price on the stock. in a research report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Intel Corporation from a hold rating to a buy rating in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $40.58.
Intel Corporation (NASDAQ INTC) opened at 34.90 on Tuesday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The stock has a market capitalization of $164.00 billion, a price-to-earnings ratio of 13.32 and a beta of 1.01. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $35.59.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
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The business also recently declared 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 is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.14%. Intel Corporation’s payout ratio is currently 41.76%.
In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,921 shares of company stock worth $3,130,162. 0.09% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Auxier Asset Management raised its position in shares of Intel Corporation by 1.2% in the fourth quarter. Auxier Asset Management now owns 44,165 shares of the chip maker’s stock worth $1,602,000 after buying an additional 514 shares during the period. Pegasus Partners Ltd. raised its position in shares of Intel Corporation by 2.7% in the fourth quarter. Pegasus Partners Ltd. now owns 97,889 shares of the chip maker’s stock worth $3,550,000 after buying an additional 2,589 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Intel Corporation during the fourth quarter worth about $12,473,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Intel Corporation during the fourth quarter worth about $5,565,000. Finally, Searle & CO. acquired a new position in shares of Intel Corporation during the fourth quarter worth about $3,184,000. Institutional investors own 67.31% 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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