Intel Corp. (NASDAQ:INTC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Sanford C. Bernstein in a report issued on Monday.

Other analysts have also recently issued reports about the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Vetr cut shares of 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 reiterated a “buy” rating and issued a $38.00 target price on shares of Intel Corp. in a research note on Tuesday, May 31st. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, June 21st. Finally, Argus reiterated a “buy” rating and issued a $41.00 target price on shares of Intel Corp. in a research note on Wednesday, June 29th. Three investment 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 company’s stock. Intel Corp. has a consensus rating of “Buy” and an average price target of $39.01.

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

Intel Corp. (NASDAQ:INTC) last posted its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect that Intel Corp. will post $2.57 EPS for the current 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 issued a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.80%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.

In other Intel Corp. news, CEO Brian M. Krzanich sold 71,413 shares of Intel Corp. stock in a transaction dated 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 transaction, the chief executive officer now directly 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 link. Also, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the completion of the transaction, the chief financial officer now directly owns 263,772 shares of the company’s stock, valued at $9,092,220.84. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Vanguard Group Inc. boosted its position in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock valued at $9,824,733,000 after buying an additional 5,697,051 shares during the period. Capital World Investors raised its stake in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock worth $3,381,823,000 after buying an additional 4,719,872 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares in the last quarter. 64.77% of the stock is 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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