Stifel Nicolaus Analysts Give Intel Corp. (INTC) a $39.00 Price Target
Several other brokerages have also recently commented on INTC. B. Riley restated a buy rating and set a $42.00 target price on shares of Intel Corp. in a report on Wednesday, August 17th. Robert W. Baird raised their price target on Intel Corp. from $40.00 to $42.00 and gave the company an outperform rating in a report on Monday. Citigroup Inc. reiterated a neutral rating and issued a $35.00 price target on shares of Intel Corp. in a report on Wednesday, August 17th. Nomura raised their price target on Intel Corp. from $38.00 to $42.00 and gave the company a buy rating in a report on Monday. Finally, Cowen and Company reiterated a market perform rating and issued a $36.00 price target (up previously from $32.00) on shares of Intel Corp. in a report on Monday, July 11th. Three research 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 stock. The company presently has a consensus rating of Buy and an average target price of $39.01.
Intel Corp. (NASDAQ:INTC) opened at 37.45 on Monday. The firm has a market cap of $177.18 billion, a P/E ratio of 18.16 and a beta of 0.93. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The stock has a 50 day moving average price of $35.62 and a 200-day moving average price of $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, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Analysts predict that Intel Corp. will post $2.57 EPS for the current fiscal year.
The company 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 yield of 2.78%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other Intel Corp. news, CEO Brian M. Krzanich sold 71,413 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction 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 SEC, which is available through the SEC website. Also, CFO Stacy J. Smith sold 29,497 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.47, for a total value of $1,016,761.59. Following 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. Company insiders own 0.09% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Carnick & Kubik LLC purchased a new position in shares of Intel Corp. during the first quarter valued at $100,000. Global X Management Co. LLC raised 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 period. Penserra Capital Management LLC raised 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 period. Nelson Roberts Investment Advisors LLC raised 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 period. Finally, Proficio Capital Partners LLC raised 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 period. 64.77% of the stock is owned by institutional investors and hedge funds.
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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