Intel Corp. (NASDAQ:INTC) is scheduled to announce its Q316 earnings results on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $15.58 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Intel Corp. (NASDAQ:INTC) last released its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. On average, analysts expect Intel Corp. to post $2.58 EPS for the current fiscal year and $2.81 EPS for the next fiscal year.

Earnings History for Intel Corp. (NASDAQ:INTC)

Intel Corp. (NASDAQ:INTC) opened at 36.97 on Friday. The company’s 50-day moving average price is $36.79 and its 200-day moving average price is $33.61. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36. The firm has a market capitalization of $174.91 billion, a price-to-earnings ratio of 17.93 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 50.24%.

In other news, EVP Venkata S. M. Renduchintala sold 13,997 shares of Intel Corp. stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $34.71, for a total value of $485,835.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. 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 sale, the vice president now owns 84,505 shares in the company, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. 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 period. Capital Research Global Investors raised its stake in shares of Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock valued at $3,381,823,000 after buying an additional 4,719,872 shares during the period. Primecap Management Co. CA raised its stake in shares of Intel Corp. by 1.0% in the second quarter. Primecap Management Co. CA now owns 32,038,210 shares of the chip maker’s stock valued at $1,050,853,000 after buying an additional 324,225 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Intel Corp. by 18.7% in the second quarter. TIAA CREF Investment Management LLC now owns 24,036,542 shares of the chip maker’s stock valued at $788,399,000 after buying an additional 3,781,232 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Intel Corp. by 3.7% in the second quarter. Legal & General Group Plc now owns 23,575,770 shares of the chip maker’s stock valued at $773,175,000 after buying an additional 845,965 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.

A number of analysts have recently issued reports on INTC shares. Cowen and Company restated a “market perform” rating and set a $36.00 price objective (up from $32.00) on shares of Intel Corp. in a research report on Monday, July 11th. Evercore ISI upgraded Intel Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, September 6th. Vetr upgraded Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $41.44 price target on the stock in a research report on Monday, September 26th. Royal Bank Of Canada upped their price target on Intel Corp. from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, July 8th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $36.00 price target on shares of Intel Corp. in a research report on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-two have assigned a buy rating to the stock. Intel Corp. presently has an average rating of “Buy” and a consensus price target of $39.64.

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.

5 Day Chart for NASDAQ:INTC

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