Intel Corp. (INTC) Given Consensus Recommendation of “Buy” by Analysts
Intel Corp. (NASDAQ:INTC) has been assigned a consensus rating of “Buy” from the fifty brokerages that are covering the firm. Three analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, thirty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.55.
A number of equities analysts recently commented on the company. B. Riley restated a “buy” rating and set a $42.00 target price on shares of Intel Corp. in a report on Monday, August 22nd. Robert W. Baird raised their target price on Intel Corp. from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, September 6th. Argus restated a “buy” rating on shares of Intel Corp. in a report on Wednesday. Citigroup Inc. raised their target price on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, September 19th. Finally, Sanford C. Bernstein set a $33.00 target price on Intel Corp. and gave the company a “neutral” rating in a report on Thursday, October 20th.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following 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 filing with the SEC, which is available through this link. Also, Chairman Andy D. Bryant sold 24,383 shares of the firm’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $35.35, for a total value of $861,939.05. Following the transaction, the chairman now owns 399,940 shares in the company, valued at $14,137,879. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
A number of institutional investors have recently bought and sold shares of INTC. James Investment Research Inc. raised its position in Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the period. Park National Corp OH raised its position in Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the period. Nisa Investment Advisors LLC raised its position in Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the period. CIBC World Markets Inc. raised its position in Intel Corp. by 14.2% in the second quarter. CIBC World Markets Inc. now owns 532,676 shares of the chip maker’s stock valued at $17,472,000 after buying an additional 66,041 shares during the period. Finally, Shelton Capital Management raised its position in Intel Corp. by 4.6% in the second quarter. Shelton Capital Management now owns 423,711 shares of the chip maker’s stock valued at $13,898,000 after buying an additional 18,709 shares during the period. Institutional investors own 64.58% of the company’s stock.
Intel Corp. (NASDAQ:INTC) traded up 0.68% during trading on Friday, hitting $35.44. 6,036,664 shares of the stock traded hands. The company has a market cap of $167.95 billion, a P/E ratio of 16.63 and a beta of 1.07. The company’s 50 day moving average price is $35.60 and its 200 day moving average price is $34.37. 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 quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The firm earned $15.78 billion during the quarter, compared to the consensus estimate of $15.58 billion. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. On average, equities research analysts anticipate that Intel Corp. will post $2.67 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.95%. Intel Corp.’s dividend payout ratio (DPR) is currently 49.06%.
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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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