Intel Corporation’s (INTC) “Buy” Rating Reaffirmed at Barclays PLC
Several other equities analysts have also weighed in on INTC. Zacks Investment Research lowered shares of Intel Corporation from a hold rating to a sell rating in a report on Monday, July 17th. Rosenblatt Securities restated a sell rating on shares of Intel Corporation in a report on Tuesday, July 18th. MKM Partners restated a buy rating and set a $42.00 target price on shares of Intel Corporation in a report on Tuesday, July 18th. Summit Redstone restated a hold rating on shares of Intel Corporation in a report on Saturday, July 22nd. Finally, BidaskClub upgraded shares of Intel Corporation from a strong sell rating to a sell rating in a report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $43.28.
Shares of Intel Corporation (INTC) traded up $0.11 on Monday, hitting $45.86. 22,190,420 shares of the company’s stock were exchanged, compared to its average volume of 29,210,000. The firm has a market cap of $214,620.00, a price-to-earnings ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. Intel Corporation’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS. equities research analysts anticipate that Intel Corporation will post 3.25 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.38%. Intel Corporation’s dividend payout ratio is currently 38.25%.
In other Intel Corporation news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock worth $28,872,880 in the last 90 days. 0.08% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings Inc. increased its stake in Intel Corporation by 1.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 4,728,794 shares of the chip maker’s stock valued at $180,073,000 after buying an additional 89,292 shares during the period. CLS Investments LLC increased its stake in Intel Corporation by 146.7% in the 3rd quarter. CLS Investments LLC now owns 5,208 shares of the chip maker’s stock valued at $198,000 after buying an additional 3,097 shares during the period. Sand Hill Global Advisors LLC increased its stake in Intel Corporation by 1.1% in the 3rd quarter. Sand Hill Global Advisors LLC now owns 134,704 shares of the chip maker’s stock valued at $5,130,000 after buying an additional 1,435 shares during the period. Cadinha & Co. LLC increased its stake in Intel Corporation by 4.7% in the 3rd quarter. Cadinha & Co. LLC now owns 75,545 shares of the chip maker’s stock valued at $2,877,000 after buying an additional 3,383 shares during the period. Finally, Payden & Rygel increased its stake in Intel Corporation by 4.1% in the 3rd quarter. Payden & Rygel now owns 587,400 shares of the chip maker’s stock valued at $22,368,000 after buying an additional 23,300 shares during the period. Hedge funds and other institutional investors own 67.17% 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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