Intel Corp. (INTC) Announces Quarterly Results
Intel Corp. (NASDAQ:INTC) released its earnings data on Tuesday. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.04, AnalystRatings.NET reports. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis.
A number of research firms have recently commented on INTC. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel Corp. from $18.00 to $20.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. On a related note, analysts at Macquarie downgraded shares of Intel Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $22.00 price target on the stock, down previously from $25.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Monday, October 7th. They now have a $24.00 price target on the stock. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company. Intel Corp. has a consensus rating of “Hold” and a consensus price target of $24.43.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.26% on Tuesday, hitting $23.39. The stock had a trading volume of 42,267,184 shares. Intel Corp. has a 1-year low of $19.23 and a 1-year high of $25.98. The stock has a 50-day moving average of $22.95 and a 200-day moving average of $23.29. The company has a market cap of $116.5 billion and a P/E ratio of 12.67.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.23 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, November 5th.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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