Nomura Raises Intel Corp. (INTC) Price Target to $42.00
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada restated a hold rating on shares of Intel Corp. in a research report on Saturday, July 9th. B. Riley reaffirmed a buy rating and set a $42.00 price target on shares of Intel Corp. in a research note on Thursday, July 21st. Robert W. Baird upped their price target on Intel Corp. from $38.00 to $40.00 and gave the stock an outperform rating in a research note on Tuesday, September 6th. Cowen and Company upped their price target on Intel Corp. from $36.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, September 16th. Finally, Citigroup Inc. reaffirmed a neutral rating and set a $35.00 price target (up from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $39.01.
Intel Corp. (NASDAQ:INTC) opened at 37.45 on Monday. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.05. The company has a market capitalization of $177.18 billion, a P/E ratio of 18.16 and a beta of 0.93. The stock’s 50 day moving average price is $35.62 and its 200 day moving average price is $32.97.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 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 company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that Intel Corp. will post $2.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, the vice president now owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the stock in a transaction dated 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 transaction, 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.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in 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 increased its position in Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock valued at $5,479,164,000 after buying an additional 8,095,076 shares during the period. Capital Research Global Investors increased its position in 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 valued at $3,381,823,000 after buying an additional 4,719,872 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $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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