TheStreet Reiterates “Buy” Rating for Intel Corp. (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Friday, AnalystRatingsNetwork reports.
The analysts wrote, “Intel (INTC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
A number of other firms have also recently commented on INTC. Analysts at UBS AG reiterated a “hold” rating on shares of Intel Corp. in a research note to investors on Thursday. They now have a $25.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Intel Corp. from $22.00 to $25.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the stock. Intel Corp. has a consensus rating of “Hold” and an average target price of $23.54.
Intel Corp. (NASDAQ:INTC) traded down 0.24% on Friday, hitting $23.8632. The stock had a trading volume of 10,881,252 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 $23.05 and its 200-day moving average is $23.30. The company has a market cap of $118.9 billion and a price-to-earnings ratio of 12.92. Intel Corp. also was the target of unusually large options trading on Tuesday. Stock traders bought 172,185 call options on the stock. This is an increase of 311% compared to the typical daily volume of 41,909 call options.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.89 earnings per share 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 3.76%. 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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