Intel Corp. (INTC) Given a $37.00 Price Target by BNP Paribas Analysts
A number of other brokerages also recently commented on INTC. B. Riley restated a buy rating and issued a $45.00 target price (up from $42.00) on shares of Intel Corp. in a research note on Friday. Mizuho upped their target price on shares of Intel Corp. from $38.00 to $42.00 and gave the stock a buy rating in a research note on Monday. Credit Agricole SA upped their target price on shares of Intel Corp. from $35.00 to $37.00 and gave the stock an underperform rating in a research note on Monday. Needham & Company LLC increased their price objective on shares of Intel Corp. from $38.00 to $43.00 and gave the company a buy rating in a research note on Monday. Finally, Vetr upgraded shares of Intel Corp. from a hold rating to a buy rating and set a $38.07 price objective on the stock in a research note on Wednesday, September 7th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have assigned a buy rating to the stock. Intel Corp. has a consensus rating of Buy and a consensus target price of $39.01.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.013% during midday trading on Monday, hitting $37.155. 2,078,493 shares of the company traded hands. The stock has a market capitalization of $175.78 billion, a P/E ratio of 18.019 and a beta of 0.93. The company has a 50-day moving average price of $35.47 and a 200-day moving average price of $32.89. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05.
Intel Corp. (NASDAQ:INTC) last issued its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Analysts anticipate that Intel Corp. will post $2.54 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 $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.80%. Intel Corp.’s payout ratio is 50.24%.
In other Intel Corp. news, CEO Brian M. Krzanich sold 71,413 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $32.73, for a total value of $2,337,347.49. Following the completion of the sale, the chief executive officer now owns 435,796 shares of the company’s stock, valued at $14,263,603.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Pearson sold 250,192 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the sale, the vice president now directly owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of INTC. Williams Jones & Associates LLC increased its stake in shares of Intel Corp. by 282.2% in the second quarter. Williams Jones & Associates LLC now owns 175,244 shares of the chip maker’s stock valued at $5,748,000 after buying an additional 129,387 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Intel Corp. during the second quarter valued at about $6,254,000. Kentucky Retirement Systems purchased a new stake in shares of Intel Corp. during the second quarter valued at about $13,171,000. AR Asset Management Inc. increased its stake in shares of Intel Corp. by 0.9% in the second quarter. AR Asset Management Inc. now owns 56,500 shares of the chip maker’s stock valued at $1,853,000 after buying an additional 500 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of Intel Corp. by 43.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 352,609 shares of the chip maker’s stock valued at $11,566,000 after buying an additional 106,773 shares during the period. 64.77% of the stock is owned by institutional investors.
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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