Wall Street analysts expect Intel Co. (NASDAQ:INTC) to post sales of $16.01 billion for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Intel’s earnings, with the lowest sales estimate coming in at $16.00 billion and the highest estimate coming in at $16.05 billion. Intel reported sales of $16.07 billion during the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The firm is scheduled to announce its next earnings results on Thursday, April 25th.

On average, analysts expect that Intel will report full year sales of $70.71 billion for the current year, with estimates ranging from $68.09 billion to $71.55 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $73.28 billion, with estimates ranging from $69.81 billion to $75.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Intel.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 24th. The chip maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $18.66 billion for the quarter, compared to analyst estimates of $19.02 billion. Intel had a return on equity of 30.08% and a net margin of 29.72%. Intel’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share.

Several research analysts have commented on the company. BidaskClub downgraded Intel from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Macquarie set a $60.00 price objective on Intel and gave the company a “buy” rating in a report on Monday, October 29th. UBS Group cut Intel from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Evercore ISI restated a “hold” rating on shares of Intel in a research report on Sunday, October 28th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.76.

In other Intel news, EVP Navin Shenoy sold 4,522 shares of Intel stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $50.00, for a total value of $226,100.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Holmes Swan bought 5,117 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was acquired at an average cost of $48.30 per share, for a total transaction of $247,151.10. Following the purchase, the chief executive officer now owns 131,839 shares in the company, valued at approximately $6,367,823.70. The disclosure for this purchase can be found here. Insiders sold 18,039 shares of company stock worth $870,162 over the last quarter. Company insiders own 0.03% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Intel by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after purchasing an additional 2,892,357 shares during the period. Vanguard Group Inc raised its holdings in shares of Intel by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Intel by 4,553.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock worth $2,496,000 after purchasing an additional 114,601,152 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Intel by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock valued at $2,558,294,000 after acquiring an additional 559,856 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Intel by 0.7% during the third quarter. LSV Asset Management now owns 25,251,096 shares of the chip maker’s stock valued at $1,194,124,000 after acquiring an additional 186,641 shares during the period. 66.38% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:INTC traded down $0.07 during trading on Wednesday, reaching $48.77. The company’s stock had a trading volume of 17,998,827 shares, compared to its average volume of 28,463,422. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. The company has a market capitalization of $228.49 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. Intel has a 12 month low of $42.36 and a 12 month high of $57.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be issued a $0.315 dividend. The ex-dividend date is Wednesday, February 6th. This is a boost from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 2.58%. Intel’s dividend payout ratio (DPR) is 27.51%.

Intel announced that its board has approved a stock repurchase plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the chip maker to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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