Intel Corp. (INTC) Given Outperform Rating at Credit Suisse Group AG
INTC has been the subject of a number of other reports. Sanford C. Bernstein set a $26.00 price objective on shares of Intel Corp. and gave the stock a sell rating in a research report on Monday, May 30th. Sterne Agee CRT reaffirmed a buy rating and issued a $38.00 price objective on shares of Intel Corp. in a research report on Tuesday, May 31st. Vetr downgraded shares of Intel Corp. from a strong-buy rating to a buy rating and set a $34.92 price objective for the company. in a research report on Wednesday, June 8th. Wells Fargo & Co. reaffirmed a buy rating on shares of Intel Corp. in a research report on Wednesday, June 8th. Finally, Pacific Crest raised shares of Intel Corp. to an outperform rating in a research report on Monday, June 13th. 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 currently has a consensus rating of Buy and an average target price of $39.01.
Intel Corp. (NASDAQ:INTC) traded down 0.03% during midday trading on Monday, hitting $37.15. 2,075,965 shares of the stock were exchanged. The firm has a market capitalization of $175.76 billion, a P/E ratio of 18.02 and a beta of 0.93. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.05. The firm’s 50-day moving average price is $35.47 and its 200 day moving average price is $32.89.
Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during 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 firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. Analysts expect that Intel Corp. will post $2.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend 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 1,506 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,337,347.49. Following the completion of the transaction, the chief executive officer now directly owns 435,796 shares of the company’s stock, valued at $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Carnick & Kubik LLC bought a new position in shares of Intel Corp. during the first quarter valued at approximately $100,000. Global X Management Co. LLC raised its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC raised its position in Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares in the last quarter. Nelson Roberts Investment Advisors LLC raised its position in Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares in the last quarter. 64.77% of the stock is owned by hedge funds and other 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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