Intel Corp. (NASDAQ:INTC)‘s stock had its “outperform” rating reiterated by research analysts at Robert W. Baird in a research note issued on Tuesday. They presently have a $42.00 price target on the chip maker’s stock. Robert W. Baird’s target price points to a potential upside of 19.01% from the company’s previous close.

INTC has been the topic of several other research reports. B. Riley reaffirmed a “buy” rating and set a $46.00 target price on shares of Intel Corp. in a research note on Monday, October 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $35.00 target price (up previously from $33.00) on shares of Intel Corp. in a research note on Friday, October 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Sunday, September 4th. Pacific Crest reaffirmed a “buy” rating and set a $41.00 target price on shares of Intel Corp. in a research note on Wednesday, November 9th. Finally, Instinet reaffirmed a “buy” rating and set a $35.50 target price on shares of Intel Corp. in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. Intel Corp. currently has a consensus rating of “Buy” and an average price target of $39.61.

Analyst Recommendations for Intel Corp. (NASDAQ:INTC)

Intel Corp. (NASDAQ:INTC) traded down 0.56% during mid-day trading on Tuesday, reaching $35.31. 19,581,040 shares of the company were exchanged. The stock’s 50-day moving average is $35.38 and its 200-day moving average is $34.52. The company has a market cap of $167.33 billion, a P/E ratio of 16.57 and a beta of 1.07. 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 results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The firm had revenue of $15.78 billion for the quarter, compared to analysts’ expectations 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 last year, the business posted $0.64 EPS. Equities analysts expect that Intel Corp. will post $2.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 49.06%.

COPYRIGHT VIOLATION NOTICE: “Intel Corp. (INTC) Given “Outperform” Rating at Robert W. Baird” was first published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece of content on another website, it was stolen and reposted in violation of international copyright and trademark legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/29/intel-corp-intc-given-outperform-rating-at-robert-w-baird.html.

In other news, CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $15,857,281.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Andy D. Bryant sold 24,383 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $35.35, for a total value of $861,939.05. Following the completion of the transaction, the chairman now directly owns 399,940 shares of the company’s stock, valued at $14,137,879. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in INTC. Vanguard Group Inc. increased 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 valued at $9,824,733,000 after buying an additional 5,697,051 shares during the last quarter. Capital World Investors increased its position in Intel Corp. by 9.7% in the third quarter. Capital World Investors now owns 183,278,777 shares of the chip maker’s stock valued at $6,918,774,000 after buying an additional 16,231,087 shares during the last quarter. Capital Research Global Investors increased its position in Intel Corp. by 4.4% in the third quarter. Capital Research Global Investors now owns 107,606,956 shares of the chip maker’s stock valued at $4,062,163,000 after buying an additional 4,502,584 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 valued at $1,498,217,000 after buying an additional 8,662,708 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in Intel Corp. by 1.0% in the second quarter. Primecap Management Co. CA now owns 32,038,210 shares of the chip maker’s stock valued at $1,050,853,000 after buying an additional 324,225 shares during the last quarter. 64.89% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:INTC

Receive News & Stock Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related stocks with our FREE daily email newsletter.