Intel (NASDAQ:INTC) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $5.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.65. The company issued revenue guidance of $73.5 billion, compared to the consensus revenue estimate of $72.15 billion.Intel also updated its FY 2020
After-Hours guidance to 5.00-5.00 EPS.

Several equities research analysts have recently issued reports on the company. Citigroup raised their target price on Intel from $53.00 to $60.00 and gave the company a neutral rating in a research report on Friday, January 17th. Goldman Sachs Group set a $55.00 price objective on Intel and gave the stock a sell rating in a report on Friday. SunTrust Banks lifted their price objective on Intel from $62.00 to $70.00 and gave the stock a hold rating in a report on Friday. Susquehanna Bancshares reissued a buy rating on shares of Intel in a report on Wednesday. Finally, Northland Securities reissued a buy rating and issued a $69.00 price objective on shares of Intel in a report on Tuesday, November 5th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Intel currently has a consensus rating of Hold and an average target price of $63.59.

INTC stock traded up $4.85 during mid-day trading on Friday, reaching $68.17. 61,513,745 shares of the company traded hands, compared to its average volume of 16,784,590. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The company has a market capitalization of $272.88 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.77 and a beta of 0.91. Intel has a 52-week low of $42.86 and a 52-week high of $62.85. The company has a fifty day moving average price of $59.00 and a 200-day moving average price of $53.55.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.27. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $19.23 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. As a group, analysts forecast that Intel will post 4.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 7th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Intel’s previous quarterly dividend of $0.32. Intel’s dividend payout ratio (DPR) is 27.51%.

Intel announced that its Board of Directors has initiated a share buyback plan on Thursday, October 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, Chairman Andy D. Bryant sold 46,932 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $58.24, for a total value of $2,733,319.68. Following the completion of the sale, the chairman now owns 425,491 shares in the company, valued at approximately $24,780,595.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navin Shenoy sold 1,404 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.94, for a total value of $78,539.76. Following the completion of the sale, the executive vice president now owns 58,168 shares of the company’s stock, valued at approximately $3,253,917.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,284 shares of company stock valued at $4,517,194. Corporate insiders own 0.02% of the company’s stock.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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