Intel Corp. (INTC) Rating Increased to Strong-Buy at Vetr Inc.
Intel Corp. (NASDAQ:INTC) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The firm presently has a $41.98 target price on the chip maker’s stock. Vetr‘s price objective would indicate a potential upside of 12.64% from the company’s current price.
Other equities analysts have also issued reports about the stock. Argus restated a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, June 21st. Canaccord Genuity increased their price objective on shares of Intel Corp. from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, July 18th. Brean Capital increased their price objective on shares of Intel Corp. from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, July 18th. Finally, Nomura restated a “buy” rating and issued a $35.00 price objective on shares of Intel Corp. in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.66.
Intel Corp. (NASDAQ:INTC) traded down 1.97% during trading on Tuesday, hitting $37.27. 27,650,460 shares of the stock traded hands. The company’s 50 day moving average is $36.69 and its 200 day moving average is $33.56. Intel Corp. has a one year low of $27.68 and a one year high of $38.36. The company has a market capitalization of $176.32 billion, a P/E ratio of 18.07 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period in the prior year, the business posted $0.55 earnings per share. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Intel Corp. will post $2.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 50.24%.
In other Intel Corp. news, CFO Stacy J. Smith sold 29,497 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.47, for a total value of $1,016,761.59. Following the sale, the chief financial officer now directly owns 263,772 shares in the company, valued at approximately $9,092,220.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 420,506 shares in the company, valued at $15,857,281.26. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of INTC. Day & Ennis LLC boosted its stake in Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock valued at $245,000 after buying an additional 27 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock valued at $147,000 after buying an additional 37 shares in the last quarter. Beaumont Financial Partners LLC boosted its stake in Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock valued at $265,000 after buying an additional 48 shares in the last quarter. Finally, Peoples Bank National Association boosted its stake in Intel Corp. by 0.5% in the second quarter. Peoples Bank National Association now owns 10,232 shares of the chip maker’s stock valued at $335,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds 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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