Intel Corp. (INTC) PT Raised to $43.00 at Roth Capital
Intel Corp. (NASDAQ:INTC) had its target price upped by research analysts at Roth Capital from $40.00 to $43.00 in a research note issued on Monday. The brokerage currently has a “buy” rating on the chip maker’s stock. Roth Capital’s target price would indicate a potential upside of 15.78% from the company’s previous close.
A number of other brokerages have also weighed in on INTC. B. Riley reaffirmed a “buy” rating and set a $42.00 price objective on shares of Intel Corp. in a report on Wednesday, August 17th. Robert W. Baird upped their price objective on Intel Corp. from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup Inc. reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Intel Corp. in a report on Wednesday, August 17th. Stifel Nicolaus set a $39.00 price objective on Intel Corp. and gave the stock a “buy” rating in a report on Monday. Finally, Nomura upped their price objective on Intel Corp. from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have given a buy rating to the company. Intel Corp. presently has an average rating of “Buy” and an average target price of $39.01.
Intel Corp. (NASDAQ:INTC) opened at 37.14 on Monday. The firm has a 50-day moving average price of $35.53 and a 200-day moving average price of $32.94. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The stock has a market cap of $175.71 billion, a price-to-earnings ratio of 18.01 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last released its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities analysts predict that Intel Corp. will post $2.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued 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 other news, VP Gregory R. Pearson sold 1,506 shares of the business’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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $32.73, for a total value of $2,337,347.49. Following the completion of the transaction, the chief executive officer now directly owns 435,796 shares in the company, valued at $14,263,603.08. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Carnick & Kubik LLC acquired a new position in shares of Intel Corp. during the first quarter valued at approximately $100,000. Global X Management Co. LLC increased 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 increased its position 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 during the last quarter. Nelson Roberts Investment Advisors LLC increased its position 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 during the last quarter. Finally, Proficio Capital Partners LLC increased its position 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 during the last quarter. 64.77% of the stock is currently owned by institutional investors and hedge funds.
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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