Intel Corp. (INTC) Given New $42.00 Price Target at Robert W. Baird
Intel Corp. (NASDAQ:INTC) had its price target hoisted by research analysts at Robert W. Baird from $40.00 to $42.00 in a research report issued to clients and investors on Monday. The brokerage currently has an “outperform” rating on the chip maker’s stock. Robert W. Baird’s target price would indicate a potential upside of 11.49% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of Intel Corp. in a report 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 for the company. in a report on Wednesday, June 8th. Sterne Agee CRT restated a “buy” rating and issued a $38.00 target price on shares of Intel Corp. in a report 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 for the company in a report on Tuesday, June 21st. Finally, Argus restated a “buy” rating and issued a $41.00 target price on shares of Intel Corp. in a report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty have issued a buy rating to the stock. Intel Corp. currently has an average rating of “Buy” and an average target price of $38.54.
Intel Corp. (NASDAQ:INTC) traded down 1.38% on Monday, reaching $37.15. 19,335,928 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $35.26 and a 200-day moving average price of $32.70. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.02. The company has a market capitalization of $175.76 billion, a P/E ratio of 18.02 and a beta of 0.93.
Intel Corp. (NASDAQ:INTC) last posted its quarterly 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. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Intel Corp. will post $2.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.76%. Intel Corp.’s payout ratio is currently 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 250,192 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was 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 owns 92,826 shares of the company’s stock, valued at $3,388,149. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the company’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 sale, the chief executive officer now directly owns 435,796 shares of the company’s stock, valued at approximately $14,263,603.08. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Large investors have recently made changes to their positions in the company. Williams Jones & Associates LLC boosted 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 worth $5,748,000 after buying an additional 129,387 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Intel Corp. during the second quarter worth approximately $6,254,000. Kentucky Retirement Systems acquired a new position in shares of Intel Corp. during the second quarter worth approximately $13,171,000. AR Asset Management Inc. raised its position 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 worth $1,853,000 after buying an additional 500 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its position 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 worth $11,566,000 after buying an additional 106,773 shares during the period. 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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