Intel Corporation (INTC) Receiving Somewhat Positive Press Coverage, Analysis Shows
News articles about Intel Corporation (NASDAQ:INTC) have trended somewhat positive on Friday, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intel Corporation earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also assigned news coverage about the chip maker an impact score of 78 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Intel (INTC) Unveils Games & Announces Partnerships at E3 – Nasdaq – Nasdaq (nasdaq.com)
- Intel Threatens Microsoft And Qualcomm Over x86 Emulation (finance.yahoo.com)
- Intel’s 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of $4 Million (finance.yahoo.com)
- There Goes Intel’s Stock: Chart (finance.yahoo.com)
- Report: Intel Corporation’s 10-Nanometer Cannon Lake Could Come in the Second Half of 2018 (fool.com)
A number of equities research analysts have recently commented on INTC shares. Jefferies Group LLC cut shares of Intel Corporation to a “hold” rating and raised their price objective for the stock from $36.00 to $38.00 in a research note on Friday, April 28th. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a report on Friday, April 28th. Sanford C. Bernstein reiterated a “sell” rating and set a $30.00 price target on shares of Intel Corporation in a report on Tuesday, May 2nd. Susquehanna Bancshares Inc restated a “positive” rating and issued a $45.00 price objective on shares of Intel Corporation in a report on Monday, February 27th. Finally, Rosenblatt Securities started coverage on shares of Intel Corporation in a report on Wednesday, February 22nd. They issued a “sell” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Intel Corporation currently has a consensus rating of “Buy” and an average target price of $40.42.
Shares of Intel Corporation (INTC) traded down 0.28% during mid-day trading on Friday, reaching $35.21. The company had a trading volume of 30,762,781 shares. The firm has a market capitalization of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. The stock has a 50 day moving average of $36.09 and a 200-day moving average of $36.11. Intel Corporation has a one year low of $30.44 and a one year high of $38.45. Intel Corporation also was the target of some unusual options trading activity on Thursday. Stock traders purchased 5,251 put options on the stock. This represents an increase of approximately 193% compared to the average volume of 1,795 put options.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The business had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. Intel Corporation’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities analysts predict that Intel Corporation will post $2.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.10%. This is a positive change from Intel Corporation’s previous quarterly dividend of $0.26. Intel Corporation’s dividend payout ratio is currently 47.39%.
In related news, CFO Robert Holmes Swan acquired 13,888 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the acquisition, the chief financial officer now owns 8,774 shares of the company’s stock, valued at $318,583.94. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $36.85, for a total transaction of $60,397.15. Following the completion of the sale, the insider now owns 113,357 shares in the company, valued at approximately $4,177,205.45. The disclosure for this sale can be found here. Insiders have sold 47,821 shares of company stock worth $1,734,851 in the last quarter. Company insiders own 0.09% of the company’s stock.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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