Intel Corp. (INTC) Receives Buy Rating from BlueFin Research
Several other equities analysts have also recently weighed in on INTC. Cowen and Company reissued a market perform rating and issued a $36.00 target price (up from $32.00) on shares of Intel Corp. in a research note on Monday, July 11th. Evercore ISI raised shares of Intel Corp. from a hold rating to a buy rating and set a $45.00 target price for the company in a research note on Tuesday, September 6th. Vetr raised shares of Intel Corp. from a buy rating to a strong-buy rating and set a $41.44 target price for the company in a research note on Monday, September 26th. Royal Bank Of Canada raised their target price on shares of Intel Corp. from $33.00 to $34.00 and gave the company a sector perform rating in a research note on Friday, July 8th. Finally, RBC Capital Markets reissued a sector perform rating and issued a $36.00 target price on shares of Intel Corp. in a research note on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $39.46.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.85 on Monday. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The firm has a 50-day moving average of $36.22 and a 200 day moving average of $33.33. The company has a market cap of $179.07 billion, a price-to-earnings ratio of 18.36 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. Equities research analysts anticipate that Intel Corp. will post $2.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
In other news, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the completion of the transaction, the vice president now owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of INTC. Emerald Acquisition Ltd. purchased a new stake in shares of Intel Corp. during the second quarter valued at approximately $295,226,000. Dimensional Fund Advisors LP raised its stake in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock valued at $1,498,217,000 after buying an additional 8,662,708 shares during the last quarter. Capital World Investors raised its stake in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock valued at $5,479,164,000 after buying an additional 8,095,076 shares during the last quarter. Institutional Capital LLC raised its stake in shares of Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock valued at $329,388,000 after buying an additional 7,969,512 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock valued at $9,824,733,000 after buying an additional 5,697,051 shares during the last quarter. 64.77% of the stock is owned by institutional investors.
About Intel Corp.
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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