BidaskClub upgraded shares of Intel Corporation (NASDAQ:INTC) from a hold rating to a buy rating in a research note published on Thursday.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Intel Corporation from a hold rating to a sell rating in a research note on Monday, July 17th. Needham & Company LLC reaffirmed a buy rating and set a $43.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. Bank of America Corporation downgraded shares of Intel Corporation from a buy rating to a neutral rating and cut their target price for the stock from $42.00 to $38.00 in a research note on Wednesday, June 21st. Canaccord Genuity reaffirmed a buy rating and set a $38.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. Finally, Vetr downgraded shares of Intel Corporation from a strong-buy rating to a buy rating and set a $39.43 target price on the stock. in a research note on Monday, May 22nd. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. Intel Corporation currently has a consensus rating of Hold and a consensus target price of $40.55.

Shares of Intel Corporation (INTC) traded down 0.75% during trading on Thursday, reaching $35.87. 19,275,060 shares of the company traded hands. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The company has a market capitalization of $168.55 billion, a price-to-earnings ratio of 13.69 and a beta of 1.01. The firm’s 50 day moving average price is $34.84 and its 200-day moving average price is $35.72.

Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.04%. Intel Corporation’s dividend payout ratio is currently 41.76%.

In related news, CFO Robert Holmes Swan acquired 13,888 shares of Intel Corporation stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of $36.31 per share, with a total value of $504,273.28. Following the completion of the acquisition, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders have sold 91,921 shares of company stock valued at $3,130,162 in the last 90 days. Insiders own 0.09% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. increased its stake in Intel Corporation by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the last quarter. Cordasco Financial Network increased its stake in Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Summit Asset Management LLC increased its stake in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares during the last quarter. First Hawaiian Bank increased its stake in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the last quarter. Finally, First Command Financial Services Inc. increased its stake in Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares during the last quarter. 67.50% of the stock is owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Intel Corporation (NASDAQ:INTC)

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