Intel Corporation (INTC) PT Set at $35.00 by Credit Suisse Group
Other equities analysts have also issued reports about the stock. B. Riley restated a buy rating and set a $44.00 target price on shares of Intel Corporation in a research report on Monday, April 3rd. Vetr lowered shares of Intel Corporation from a buy rating to a hold rating and set a $37.50 target price on the stock. in a research report on Monday, April 3rd. Jefferies Group LLC set a $38.00 target price on shares of Intel Corporation and gave the stock a hold rating in a research report on Saturday, June 3rd. Wells Fargo & Company restated an outperform rating and set a $45.00 target price on shares of Intel Corporation in a research report on Wednesday, April 19th. Finally, Cowen and Company restated a market perform rating and set a $39.00 target price on shares of Intel Corporation in a research report on Friday, April 28th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $40.55.
Shares of Intel Corporation (NASDAQ INTC) opened at 36.35 on Friday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The firm has a market capitalization of $170.81 billion, a PE ratio of 13.87 and a beta of 1.00. The firm’s 50-day moving average is $34.56 and its 200 day moving average is $35.72.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Intel Corporation will post $2.86 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
In other Intel Corporation news, CFO Robert Holmes Swan bought 13,888 shares of the business’s stock in a transaction on Monday, June 5th. The shares were bought at an average cost of $36.31 per share, with a total value of $504,273.28. Following the transaction, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,501 shares of company stock worth $2,581,891. 0.09% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. purchased a new stake in shares of Intel Corporation during the fourth quarter worth $198,000. Janus Capital Management LLC increased its stake in shares of Intel Corporation by 38.0% in the fourth quarter. Janus Capital Management LLC now owns 5,192,422 shares of the chip maker’s stock worth $188,329,000 after buying an additional 1,429,533 shares during the period. Cheviot Value Management LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth $543,000. Glassman Wealth Services increased its stake in shares of Intel Corporation by 2.3% in the fourth quarter. Glassman Wealth Services now owns 17,849 shares of the chip maker’s stock worth $647,000 after buying an additional 402 shares during the period. Finally, Moloney Securities Asset Management LLC purchased a new stake in shares of Intel Corporation during the fourth quarter worth $769,000. 67.41% of the stock is currently owned by institutional investors.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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