UBS AG reissued their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research note published on Monday, July 31st, www.flashratings.com reports. They currently have a $40.00 price objective on the chip maker’s stock, down from their previous price objective of $41.00.
A number of other analysts have also issued reports on INTC. B. Riley reissued a buy rating and issued a $44.00 price target on shares of Intel Corporation in a research report on Wednesday, May 3rd. Jefferies Group LLC set a $38.00 price target on Intel Corporation and gave the company a hold rating in a report on Saturday, June 3rd. Credit Suisse Group restated a neutral rating and issued a $35.00 price objective on shares of Intel Corporation in a research note on Thursday, April 6th. Canaccord Genuity reiterated a hold rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Finally, Robert W. Baird reiterated an outperform rating and set a $45.00 price target (up previously from $42.00) on shares of Intel Corporation in a research note on Sunday, July 30th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $40.55.
Intel Corporation (NASDAQ INTC) traded down 0.45% during trading on Monday, hitting $35.01. 16,231,408 shares of the stock were exchanged. The firm has a market cap of $164.51 billion, a PE ratio of 13.36 and a beta of 1.01. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The stock’s 50-day moving average price is $35.09 and its 200-day moving average price is $35.65.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Intel Corporation will post $3.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 in the last three months. Corporate insiders own 0.09% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Watermark Asset Management Inc. bought a new stake in shares of Intel Corporation during the first quarter worth $113,000. Acrospire Investment Management LLC raised its stake in Intel Corporation by 111.8% in the second 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 during the last quarter. Orrstown Financial Services Inc. raised its stake in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Finally, Winfield Associates Inc. increased its position in shares of Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after buying an additional 265 shares during the period. 67.31% of the stock is owned by institutional investors.
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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