Intel Corp. Stock Rating Upgraded by B. Riley (INTC)
Intel Corp. (NASDAQ:INTC) was upgraded by equities researchers at B. Riley from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Intel Corp. (NASDAQ:INTC) traded up 0.38% on Wednesday, hitting $23.48. The stock had a trading volume of 13,621,012 shares. Intel Corp. has a 52 week low of $19.23 and a 52 week 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 $117.0 billion and a P/E ratio of 12.64. Intel Corp. also was the target of unusually large options trading activity on Tuesday. Traders purchased 172,185 call options on the stock. This is an increase of 311% compared to the average daily volume of 41,909 call options.
Intel Corp. (NASDAQ:INTC) last released its earnings data 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 $1.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.23 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, November 5th.
Other equities research analysts have also recently issued reports about the stock. 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, October 11th. They now have a “neutral” rating on the stock. Separately, analysts at Macquarie downgraded shares of Intel Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 11th. 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 investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.16.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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