Intel Corp. Stock Rating Reaffirmed by Credit Suisse (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports. They currently have a $30.00 price target on the stock, up from their previous price target of $28.00. Credit Suisse’s price objective would indicate a potential upside of 28.26% from the company’s current price.
Shares of Intel Corp. (NASDAQ:INTC) opened at 23.39 on Wednesday. Intel Corp. has a one year low of $19.23 and a one year high of $25.98. The stock’s 50-day moving average is $22.98 and its 200-day moving average is $23.29. The company has a market cap of $116.5 billion and a P/E ratio of 12.64. Intel Corp. also was the target of unusually large options trading activity on Tuesday. Stock investors acquired 172,185 call options on the stock. This represents an increase of approximately 311% compared to the average daily volume of 41,909 call options.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. 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 previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Intel Corp. will post $1.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Stockholders 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.
A number of other firms have also recently commented on INTC. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Intel Corp. in a research note to investors on Wednesday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Intel Corp. in a research note to investors on Wednesday. They now have a $27.00 price target on the stock, down previously from $29.00. Finally, analysts at Needham & Company reiterated a “hold” rating on shares of Intel Corp. in a research note to investors on Wednesday. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.23.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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