Intel Corp. (NASDAQ:INTC) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday. The brokerage currently has a $39.45 price target on the chip maker’s stock. Vetr‘s price objective indicates a potential upside of 12.07% from the stock’s previous close.

Other analysts have also issued research reports about the company. B. Riley restated a “buy” rating and set a $42.00 target price on shares of Intel Corp. in a report on Saturday, August 27th. Argus restated a “buy” rating on shares of Intel Corp. in a report on Wednesday. Robert W. Baird upped their target price on Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Citigroup Inc. increased their price objective 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 price objective on Intel Corp. and gave the company a “neutral” rating in a report on Thursday, October 20th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Intel Corp. presently has a consensus rating of “Buy” and an average target price of $39.71.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Intel Corp. (NASDAQ:INTC) remained flat at $35.20 during trading on Thursday. 15,843,618 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $35.60 and a 200 day moving average price of $34.37. The stock has a market capitalization of $166.81 billion, a price-to-earnings ratio of 16.52 and a beta of 1.07. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36.

Intel Corp. (NASDAQ:INTC) last posted its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The company earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. Intel Corp.’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, equities research analysts forecast that Intel Corp. will post $2.67 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is 49.06%.

In other Intel Corp. news, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the transaction, the vice president now directly owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction on 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 directly owns 817 shares of the company’s stock, valued at $28,529.64. 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 made changes to their positions in the company. Edmond DE Rothschild Monaco bought a new position in shares of Intel Corp. during the third quarter valued at $113,000. 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 valued at $100,000 after buying an additional 1,039 shares in the last quarter. Jacobus Wealth Management Inc. bought a new position in shares of Intel Corp. during the third quarter valued at $119,000. 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 valued at $104,000 after buying an additional 847 shares in the last quarter. Finally, Roble Belko & Company Inc raised its position in shares of Intel Corp. by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. 64.58% of the stock is owned by institutional investors.

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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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