Intel Corporation (INTC) Rating Reiterated by Loop Capital
Loop Capital reiterated their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research note issued to investors on Friday. The brokerage currently has a $45.00 price target on the chip maker’s stock, up from their previous price target of $43.00.
Other research analysts have also recently issued research reports about the stock. B. Riley reiterated a buy rating and set a $44.00 price target on shares of Intel Corporation in a report on Monday, April 3rd. Vetr cut shares of Intel Corporation from a buy rating to a hold rating and set a $37.50 price target for the company. in a report on Monday, April 3rd. Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the stock a hold rating in a report on Saturday, June 3rd. Wells Fargo & Company reiterated an outperform rating and set a $45.00 price target on shares of Intel Corporation in a report on Wednesday, April 19th. Finally, Cowen and Company reiterated a market perform rating and set a $39.00 price target on shares of Intel Corporation in a report on Friday, April 28th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $40.52.
Shares of Intel Corporation (NASDAQ:INTC) opened at 35.47 on Friday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The stock has a market cap of $166.67 billion, a PE ratio of 13.54 and a beta of 1.00. The company’s 50-day moving average is $34.55 and its 200-day moving average is $35.72.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. Equities analysts anticipate that Intel Corporation will post $2.86 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a yield of 3.07%. Intel Corporation’s payout ratio is 41.76%.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the firm’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 transaction, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $34.68, for a total transaction of $73,486.92. Following the completion of the transaction, the executive vice president now owns 108,471 shares in the company, valued at approximately $3,761,774.28. The disclosure for this sale can be found here. Insiders sold 76,501 shares of company stock worth $2,581,891 in the last 90 days. 0.09% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of INTC. First Republic Investment Management Inc. raised its stake in Intel Corporation by 7.6% in the fourth quarter. First Republic Investment Management Inc. now owns 2,730,466 shares of the chip maker’s stock worth $99,035,000 after buying an additional 193,267 shares in the last quarter. Roundview Capital LLC purchased a new stake in Intel Corporation during the fourth quarter worth about $229,000. Sandhill Capital Partners LLC raised its stake in Intel Corporation by 5.9% in the fourth quarter. Sandhill Capital Partners LLC now owns 18,249 shares of the chip maker’s stock worth $662,000 after buying an additional 1,024 shares in the last quarter. Gratus Capital LLC raised its stake in Intel Corporation by 1.1% in the fourth quarter. Gratus Capital LLC now owns 45,873 shares of the chip maker’s stock worth $1,664,000 after buying an additional 478 shares in the last quarter. Finally, Barrington Strategic Wealth Management Group LLC raised its stake in Intel Corporation by 0.9% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 23,555 shares of the chip maker’s stock worth $854,000 after buying an additional 210 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.
Intel Corporation Company Profile
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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