Brean Capital Reaffirms Buy Rating for Intel Corp. (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by analysts at Brean Capital in a research report issued on Tuesday. They currently have a $40.00 price target on the chip maker’s stock. Brean Capital’s price objective points to a potential upside of 7.27% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reissued a “buy” rating and issued a $42.00 price target on shares of Intel Corp. in a research note on Thursday, July 21st. Barclays PLC raised shares of Intel Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $45.00 in a research note on Tuesday. They noted that the move was a valuation call. Robert W. Baird increased their price target on shares of Intel Corp. from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $35.00 price target (up previously from $31.00) on shares of Intel Corp. in a research note on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-three have issued a buy rating to the company. Intel Corp. has an average rating of “Buy” and an average price target of $40.00.
Shares of Intel Corp. (NASDAQ:INTC) traded up 1.26% during trading on Tuesday, reaching $37.76. 26,522,193 shares of the company were exchanged. The stock has a market capitalization of $178.64 billion, a P/E ratio of 18.31 and a beta of 1.09. The firm has a 50-day moving average price of $36.91 and a 200-day moving average price of $33.70. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the 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 company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.79%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
In related news, VP Gregory R. Pearson sold 1,866 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.68, for a total value of $64,712.88. Following the sale, the vice president now directly owns 86,635 shares of the company’s stock, valued at $3,004,501.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction on 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 directly owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. D. Scott Neal Inc. boosted its stake in Intel Corp. by 1.3% in the third quarter. D. Scott Neal Inc. now owns 5,035 shares of the chip maker’s stock valued at $190,000 after buying an additional 66 shares in the last quarter. Westwood Management Corp IL bought a new stake in Intel Corp. during the third quarter valued at about $415,000. Kessler Investment Group LLC boosted its stake in Intel Corp. by 10.3% in the third quarter. Kessler Investment Group LLC now owns 78,004 shares of the chip maker’s stock valued at $2,945,000 after buying an additional 7,299 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Intel Corp. by 2.3% in the third quarter. Capital Investment Advisors LLC now owns 249,285 shares of the chip maker’s stock valued at $9,411,000 after buying an additional 5,504 shares in the last quarter. Finally, American National Bank boosted its stake in Intel Corp. by 98.9% in the third quarter. American National Bank now owns 8,869 shares of the chip maker’s stock valued at $335,000 after buying an additional 4,410 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Intel Corp. Company Profile
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.
Receive News & Stock Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related stocks with our FREE daily email newsletter.