Pacific Crest restated their buy rating on shares of Intel Corp. (NASDAQ:INTC) in a research report released on Thursday. The brokerage currently has a $44.00 target price on the chip maker’s stock.

A number of other research firms also recently commented on INTC. B. Riley reaffirmed a buy rating and set a $42.00 target price on shares of Intel Corp. in a report on Wednesday, August 17th. Robert W. Baird increased their target price on Intel Corp. from $40.00 to $42.00 and gave the stock an outperform rating in a report on Monday, September 19th. Brean Capital reaffirmed a buy rating and set a $40.00 target price (up previously from $38.00) on shares of Intel Corp. in a report on Thursday, September 22nd. Zacks Investment Research raised Intel Corp. from a hold rating to a buy rating and set a $42.00 target price on the stock in a report on Monday, September 26th. Finally, Citigroup Inc. reaffirmed a neutral rating and set a $35.00 target price on shares of Intel Corp. in a report on Wednesday, August 17th. 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. The company currently has an average rating of Buy and an average target price of $39.59.

Shares of Intel Corp. (NASDAQ:INTC) traded down 0.53% on Thursday, reaching $37.87. The company had a trading volume of 7,613,071 shares. The stock has a 50 day moving average price of $36.46 and a 200-day moving average price of $33.43. The company has a market capitalization of $179.16 billion, a price-to-earnings ratio of 18.37 and a beta of 1.09. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.31.

Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. Intel Corp.’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts forecast that Intel Corp. will post $2.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. Intel Corp.’s dividend payout ratio is 50.24%.

In other news, VP Gregory R. Pearson sold 1,506 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, the vice president now directly owns 84,505 shares in the company, valued at approximately $2,912,042.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Mission Wealth Management LLC increased its position in Intel Corp. by 0.5% in the first quarter. Mission Wealth Management LLC now owns 26,003 shares of the chip maker’s stock worth $841,000 after buying an additional 133 shares in the last quarter. Iberiabank Corp increased its position in Intel Corp. by 12.2% in the first quarter. Iberiabank Corp now owns 127,479 shares of the chip maker’s stock worth $4,124,000 after buying an additional 13,902 shares in the last quarter. CrestPoint Capital Management LLC increased its position in Intel Corp. by 38.2% in the first quarter. CrestPoint Capital Management LLC now owns 83,500 shares of the chip maker’s stock worth $2,701,000 after buying an additional 23,100 shares in the last quarter. BTR Capital Management Inc. increased its position in Intel Corp. by 3.0% in the first quarter. BTR Capital Management Inc. now owns 39,944 shares of the chip maker’s stock worth $1,292,000 after buying an additional 1,173 shares in the last quarter. Finally, Bridge Creek Capital Management LLC increased its position in Intel Corp. by 1.4% in the first quarter. Bridge Creek Capital Management LLC now owns 108,401 shares of the chip maker’s stock worth $3,507,000 after buying an additional 1,475 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.

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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