Intel Corp. (INTC) PT Raised to $42.00
Intel Corp. (NASDAQ:INTC) had its price target hoisted by equities research analysts at Mizuho from $38.00 to $42.00 in a report released on Monday. The firm currently has a “buy” rating on the chip maker’s stock. Mizuho’s price objective indicates a potential upside of 13.09% from the stock’s previous close.
Several other analysts also recently issued reports on INTC. Sanford C. Bernstein set a $26.00 price target on Intel Corp. and gave the company a “sell” rating in a report on Monday, May 30th. Sterne Agee CRT reiterated a “buy” rating and issued a $38.00 price target on shares of Intel Corp. in a report on Tuesday, May 31st. Vetr downgraded Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $34.92 price target for the company. in a report on Wednesday, June 8th. Wells Fargo & Co. reiterated a “buy” rating on shares of Intel Corp. in a report on Wednesday, June 8th. Finally, Pacific Crest upgraded Intel Corp. to an “outperform” rating in a research note on Monday, June 13th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. Intel Corp. currently has an average rating of “Buy” and an average price target of $39.01.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.14 on Monday. The stock has a market capitalization of $175.71 billion, a P/E ratio of 18.01 and a beta of 0.93. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05. The stock has a 50 day moving average price of $35.53 and a 200 day moving average price of $32.94.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corp. will post $2.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is presently 50.24%.
In other news, CEO Brian M. Krzanich sold 71,413 shares of the stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction 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 sale, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Carnick & Kubik LLC bought a new stake in shares of Intel Corp. during the first quarter valued at about $100,000. Global X Management Co. LLC increased its stake 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 in the last quarter. Penserra Capital Management LLC increased its stake in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares in the last quarter. Nelson Roberts Investment Advisors LLC increased its stake in shares of 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 valued at $113,000 after buying an additional 1,226 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares in the last quarter. 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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