Intel Corp. (INTC) Rating Reiterated by Susquehanna
Intel Corp. (NASDAQ:INTC)‘s stock had its “positive” rating restated by research analysts at Susquehanna in a research note issued to investors on Thursday. They currently have a $45.00 target price on the chip maker’s stock, up from their previous target price of $42.00. Susquehanna’s price objective suggests a potential upside of 30.02% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Pacific Crest reissued a “buy” rating and set a $41.00 target price on shares of Intel Corp. in a research report on Wednesday, November 9th. Nomura reissued a “buy” rating and set a $40.00 target price on shares of Intel Corp. in a research report on Tuesday, November 1st. Sanford C. Bernstein set a $33.00 target price on shares of Intel Corp. and gave the stock a “neutral” rating in a research report on Monday, October 31st. B. Riley reissued a “buy” rating and set a $46.00 target price on shares of Intel Corp. in a research report on Monday, October 24th. Finally, Raymond James Financial Inc. reissued an “underperform” rating on shares of Intel Corp. in a research report on Sunday, October 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Intel Corp. currently has a consensus rating of “Buy” and an average price target of $39.87.
Intel Corp. (NASDAQ:INTC) opened at 34.61 on Thursday. The firm has a 50-day moving average price of $36.13 and a 200-day moving average price of $34.10. The firm has a market capitalization of $164.02 billion, a P/E ratio of 16.24 and a beta of 1.07. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The firm earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. Intel Corp.’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Equities analysts forecast that Intel Corp. will post $2.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 3.00%. Intel Corp.’s payout ratio is currently 49.06%.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the transaction, the chief executive officer now owns 420,506 shares in the company, valued at $15,857,281.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $34.92, for a total transaction of $488,775.24. Following the transaction, the executive vice president now owns 817 shares of the company’s stock, valued at approximately $28,529.64. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Day & Ennis LLC raised its position in shares of Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock worth $245,000 after buying an additional 27 shares in the last quarter. D. Scott Neal Inc. increased its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of 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 worth $147,000 after buying an additional 37 shares during the last quarter. Norris Perne & French LLP MI increased its stake in shares of Intel Corp. by 0.7% in the third quarter. Norris Perne & French LLP MI now owns 7,106 shares of the chip maker’s stock worth $268,000 after buying an additional 46 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its stake in shares of Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock worth $265,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 64.48% 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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