Intel Corp. (NASDAQ:INTC)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a report released on Monday. They presently have a $34.00 target price on the chip maker’s stock. BMO Capital Markets’ price target points to a potential downside of 8.45% from the company’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Vetr downgraded Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $34.92 target price on the stock. in a research note on Wednesday, June 8th. Sterne Agee CRT reissued a “buy” rating and issued a $38.00 price objective on shares of Intel Corp. in a research note on Tuesday, May 31st. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, June 21st. Finally, Argus reissued a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a research note on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $39.01.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Shares of Intel Corp. (NASDAQ:INTC) opened at 37.14 on Monday. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05. The firm has a 50-day moving average price of $35.53 and a 200-day moving average price of $32.94. The firm has a market capitalization of $175.71 billion, a price-to-earnings ratio of 18.01 and a beta of 0.93.

Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts expect that Intel Corp. will post $2.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is currently 50.24%.

In related news, VP Gregory R. Pearson sold 5,662 shares of Intel Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $34.87, for a total transaction of $197,433.94. Following the completion of the transaction, the vice president now owns 86,635 shares in the company, valued at $3,020,962.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of the business’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 sale, the vice president now owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Several large investors have recently modified their holdings of the company. CHICAGO TRUST Co NA boosted its stake in shares of Intel Corp. by 0.6% in the first quarter. CHICAGO TRUST Co NA now owns 122,713 shares of the chip maker’s stock worth $3,969,000 after buying an additional 681 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Intel Corp. by 38.1% in the first quarter. Eqis Capital Management Inc. now owns 37,845 shares of the chip maker’s stock worth $1,224,000 after buying an additional 10,442 shares in the last quarter. Needelman Asset Management Inc. boosted its stake in shares of Intel Corp. by 2.0% in the first quarter. Needelman Asset Management Inc. now owns 34,855 shares of the chip maker’s stock worth $1,128,000 after buying an additional 696 shares in the last quarter. Union Bankshares Corp boosted its stake in shares of Intel Corp. by 3.1% in the first quarter. Union Bankshares Corp now owns 136,643 shares of the chip maker’s stock worth $4,421,000 after buying an additional 4,095 shares in the last quarter. Finally, Iowa State Bank boosted its stake in shares of Intel Corp. by 2.0% in the first quarter. Iowa State Bank now owns 82,035 shares of the chip maker’s stock worth $2,654,000 after buying an additional 1,625 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.

Intel Corp. Company Profile

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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