Intel Corporation (NASDAQ:INTC) had its price target boosted by Canaccord Genuity from $41.00 to $45.00 in a research note published on Friday. The brokerage currently has a hold rating on the chip maker’s stock.
Several other research firms have also recently weighed in on INTC. Zacks Investment Research cut Intel Corporation from a buy rating to a hold rating in a research report on Wednesday, August 16th. ValuEngine cut Intel Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. The Goldman Sachs Group, Inc. reaffirmed a hold rating and set a $39.00 price objective on shares of Intel Corporation in a research report on Monday, July 31st. BidaskClub raised Intel Corporation from a hold rating to a buy rating in a research report on Thursday, August 10th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a $34.00 price objective on shares of Intel Corporation in a research report on Sunday, July 30th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Intel Corporation has an average rating of Buy and a consensus price target of $43.40.
Intel Corporation (NASDAQ:INTC) traded down $1.02 during mid-day trading on Friday, hitting $44.63. The stock had a trading volume of 62,637,555 shares, compared to its average volume of 23,636,324. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $213,640.00, a PE ratio of 14.42, a P/E/G ratio of 1.68 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. Intel Corporation’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. sell-side analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is 38.25%.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,872,880 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of INTC. Watermark Asset Management Inc. bought a new stake in Intel Corporation in the 1st quarter valued at about $113,000. Financial Engines Advisors L.L.C. bought a new stake in Intel Corporation in the 3rd quarter valued at about $119,000. Acrospire Investment Management LLC increased its position in Intel Corporation by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Intel Corporation by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. 67.17% of the stock is owned by institutional investors and hedge funds.
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).
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