Intel Corporation (INTC) Issues Quarterly Earnings Results

Intel Corporation (NASDAQ:INTC) released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21, Bloomberg Earnings reports. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. Intel Corporation updated its Q4 guidance to $0.81-0.91 EPS and its FY17 guidance to $3.20-3.30 EPS.

Shares of Intel Corporation (INTC) opened at $45.58 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market capitalization of $213,314.41, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.67 and a beta of 1.09. Intel Corporation has a one year low of $33.23 and a one year high of $47.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is 38.11%.

INTC has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective on shares of Intel Corporation in a research note on Wednesday, November 1st. Canaccord Genuity upped their price target on shares of Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $34.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research note on Friday, October 27th. BMO Capital Markets upgraded shares of Intel Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $50.00 price target (up from $45.00) on shares of Intel Corporation in a report on Friday, October 27th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.00.

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In other Intel Corporation news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now owns 265,298 shares in the company, valued at $11,734,130.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of INTC. Janus Henderson Group PLC increased its stake in Intel Corporation by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after acquiring an additional 20,050,088 shares during the period. Capital Research Global Investors boosted its holdings in shares of Intel Corporation by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Capital World Investors boosted its holdings in shares of Intel Corporation by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Intel Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Intel Corporation by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after purchasing an additional 4,029,462 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Intel Corporation

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).

Earnings History for Intel Corporation (NASDAQ:INTC)

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