Q3 2016 EPS Estimates for Intel Corp. Increased by Analyst (INTC)
Intel Corp. (NASDAQ:INTC) – Investment analysts at Roth Capital increased their Q3 2016 earnings estimates for shares of Intel Corp. in a research report issued to clients and investors on Friday. Roth Capital analyst S. Desilva now expects that the firm will post earnings of $0.72 per share for the quarter, up from their previous estimate of $0.68. Roth Capital currently has a “Buy” rating and a $43.00 target price on the stock. Roth Capital also issued estimates for Intel Corp.’s Q4 2016 earnings at $0.74 EPS, FY2016 earnings at $2.60 EPS, Q1 2017 earnings at $0.61 EPS, Q2 2017 earnings at $0.66 EPS, Q3 2017 earnings at $0.75 EPS, Q4 2017 earnings at $0.81 EPS and FY2017 earnings at $2.84 EPS.
INTC has been the topic of a number of other research reports. Vetr cut shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 price objective on the stock. in a research report on Monday, August 29th. Wells Fargo & Co. reiterated a “buy” rating on shares of Intel Corp. in a research report on Sunday, September 4th. Morgan Stanley reiterated an “underweight” rating and set a $31.00 price target on shares of Intel Corp. in a research report on Wednesday, September 14th. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price target on shares of Intel Corp. in a research report on Tuesday, August 23rd. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Intel Corp. in a research report on Friday, August 19th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $38.54.
Intel Corp. (NASDAQ:INTC) opened at 37.16 on Monday. The stock’s 50 day moving average is $35.47 and its 200 day moving average is $32.89. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The firm has a market capitalization of $175.80 billion, a P/E ratio of 18.02 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 for the quarter, topping 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 analysts’ expectations of $13.54 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis.
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 $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. 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 dated Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the transaction, the vice president now owns 92,826 shares of the company’s stock, valued at $3,388,149. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory R. Pearson sold 5,662 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $34.87, for a total transaction of $197,433.94. Following the completion of the transaction, the vice president now directly owns 86,635 shares in the company, valued at approximately $3,020,962.45. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake 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 in the last quarter. Capital World Investors boosted 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 valued at $5,479,164,000 after buying an additional 8,095,076 shares in the last quarter. Capital Research Global Investors boosted 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 valued at $3,381,823,000 after buying an additional 4,719,872 shares in the last quarter. 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 currently owned by institutional investors.
About Intel Corp.
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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