Intel Corp. (NASDAQ:INTC) had its target price lowered by equities researchers at Needham & Company LLC from $43.00 to $42.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the chip maker’s stock. Needham & Company LLC’s target price points to a potential upside of 11.26% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Goldman Sachs Group Inc. reaffirmed a “hold” rating and set a $36.00 price objective on shares of Intel Corp. in a research report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $46.00 price objective on shares of Intel Corp. in a research report on Wednesday. Brean Capital reaffirmed a “buy” rating and set a $40.00 price objective on shares of Intel Corp. in a research report on Tuesday. Barclays PLC raised Intel Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $38.00 to $45.00 in a research report on Tuesday. They noted that the move was a valuation call. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Intel Corp. in a research report on Monday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $40.02.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Intel Corp. (NASDAQ:INTC) opened at 37.75 on Wednesday. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The company has a market capitalization of $178.60 billion, a PE ratio of 18.31 and a beta of 1.09. The firm’s 50-day moving average is $36.98 and its 200-day moving average is $33.74.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.08. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the firm earned $0.64 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Intel Corp. will post $2.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.

In related news, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory R. Pearson sold 250,192 shares of Intel Corp. stock in a transaction on Tuesday, September 6th. The shares were 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 $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares during the period. Capital World Investors increased 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 worth $5,479,164,000 after buying an additional 8,095,076 shares during the period. Capital Research Global Investors increased 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 worth $3,381,823,000 after buying an additional 4,719,872 shares during the period. Dimensional Fund Advisors LP increased 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 worth $1,498,217,000 after buying an additional 8,662,708 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock worth $1,427,513,000 after buying an additional 2,414,858 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.

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