Susquehanna Bancshares Inc Reaffirms “Positive” Rating for Intel Co. (INTC)
Other analysts have also recently issued reports about the company. B. Riley reissued a buy rating and issued a $44.00 target price on shares of Intel in a research note on Friday, January 27th. Sanford C. Bernstein set a $36.00 target price on Intel and gave the stock a hold rating in a research note on Saturday, January 28th. BNP Paribas set a $39.00 target price on Intel and gave the stock a hold rating in a research note on Saturday, January 28th. Pacific Crest reissued an overweight rating and issued a $43.00 target price on shares of Intel in a research note on Friday, February 10th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Intel in a research report on Friday, February 10th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $39.99.
Intel (NASDAQ:INTC) traded up 0.751% on Wednesday, reaching $35.535. The company had a trading volume of 3,095,316 shares. The company’s 50 day moving average is $36.08 and its 200-day moving average is $36.14. The firm has a market capitalization of $168.01 billion, a price-to-earnings ratio of 16.762 and a beta of 1.03. Intel has a one year low of $29.50 and a one year high of $38.45.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The company had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. Intel’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. On average, equities research analysts expect that Intel will post $2.80 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, February 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. Intel’s payout ratio is currently 49.29%.
In other news, CEO Brian M. Krzanich sold 79,051 shares of Intel stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the completion of the sale, the chief executive officer now directly owns 394,406 shares in the company, valued at $14,391,874.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stacy J. Smith sold 29,497 shares of Intel stock in a transaction on Friday, January 20th. The stock was sold at an average price of $36.76, for a total transaction of $1,084,309.72. Following the sale, the executive vice president now owns 244,734 shares of the company’s stock, valued at $8,996,421.84. The disclosure for this sale can be found here. Insiders have sold 273,023 shares of company stock valued at $9,898,612 over the last quarter. Insiders own 0.09% of the company’s stock.
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Intel by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 48,281,810 shares of the chip maker’s stock valued at $1,751,339,000 after buying an additional 1,049,817 shares during the last quarter. Norges Bank acquired a new position in shares of Intel during the fourth quarter valued at about $1,684,790,000. LSV Asset Management boosted its position in shares of Intel by 0.9% in the third quarter. LSV Asset Management now owns 23,498,805 shares of the chip maker’s stock valued at $887,079,000 after buying an additional 213,200 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Intel by 0.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,453,797 shares of the chip maker’s stock valued at $545,631,000 after buying an additional 81,682 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of Intel by 1.0% in the third quarter. APG Asset Management N.V. now owns 14,298,314 shares of the chip maker’s stock valued at $539,761,000 after buying an additional 138,352 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.
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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