Intel Corp. (NASDAQ:INTC) had its price target dropped by investment analysts at Citigroup Inc. from $38.00 to $36.00 in a report released on Wednesday. The brokerage currently has a “neutral” rating on the chip maker’s stock. Citigroup Inc.’s price target would suggest a potential downside of 4.64% from the stock’s previous close.

INTC has been the subject of a number of other reports. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Intel Corp. in a research report on Thursday, July 21st. BNP Paribas set a $37.00 target price on Intel Corp. and gave the company a “neutral” rating in a research report on Friday, July 22nd. Argus reaffirmed a “buy” rating and issued a $41.00 target price on shares of Intel Corp. in a research report on Monday, July 25th. Vetr lowered Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 target price for the company. in a research report on Wednesday, October 12th. Finally, Cowen and Company boosted their target price on Intel Corp. from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, September 16th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $39.88.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Shares of Intel Corp. (NASDAQ:INTC) traded down 5.46% on Wednesday, reaching $35.69. The company had a trading volume of 18,065,119 shares. The stock has a market cap of $168.85 billion, a PE ratio of 17.31 and a beta of 1.09. The stock has a 50-day moving average price of $36.98 and a 200-day moving average price of $33.74. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors 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 annualized dividend and a dividend yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.

In related news, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now 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 hyperlink. Also, CFO Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the transaction, the chief financial officer now owns 263,772 shares of the company’s stock, valued at approximately $9,092,220.84. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Carnick & Kubik LLC purchased a new position in Intel Corp. during the first quarter valued at approximately $100,000. Global X Management Co. LLC raised its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the last quarter. Nelson Roberts Investment Advisors LLC raised its position in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the last quarter. 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.

5 Day Chart for NASDAQ:INTC

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