Argus Raises Intel Corp. (INTC) Price Target to $45.00
A number of other research analysts have also commented on INTC. Sanford C. Bernstein set a $26.00 price target on Intel Corp. and gave the stock a sell rating in a report on Monday, May 30th. Sterne Agee CRT restated a buy rating and issued a $38.00 target price on shares of Intel Corp. in a research note on Tuesday, May 31st. Vetr lowered Intel Corp. from a strong-buy rating to a buy rating and set a $34.92 target price for the company. in a research note on Wednesday, June 8th. Wells Fargo & Co. restated a buy rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Finally, Pacific Crest upgraded Intel Corp. to an outperform rating in a research note on Monday, June 13th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $39.01.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.45 on Monday. The company’s 50 day moving average is $35.62 and its 200-day moving average is $32.97. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05. The company has a market capitalization of $177.18 billion, a PE ratio of 18.16 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Intel Corp. will post $2.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
In related news, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total transaction of $51,896.76. Following the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gregory R. Pearson sold 250,192 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, the vice president now directly owns 92,826 shares in the company, valued at $3,388,149. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Day & Ennis LLC increased its position in Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock worth $245,000 after buying an additional 27 shares during the period. D. Scott Neal Inc. increased its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the period. Amarillo National Bank increased its stake in shares of Intel Corp. by 0.3% in the first quarter. Amarillo National Bank now owns 14,739 shares of the chip maker’s stock valued at $477,000 after buying an additional 37 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in shares of Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock valued at $147,000 after buying an additional 37 shares during the period. Finally, Beaumont Financial Partners LLC increased its stake in shares of Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock valued at $265,000 after buying an additional 48 shares during the period. 64.77% of the stock is currently owned by institutional investors and hedge funds.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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