Intel Hits New 12-Month High at $34.89 (INTC)
Shares of Intel (NASDAQ:INTC) reached a new 52-week high during trading on Thursday , Analyst Ratings Network.com reports. The stock traded as high as $34.89 and last traded at $34.86, with a volume of 15,871,672 shares trading hands. The stock had previously closed at $34.50.
A number of analysts have recently weighed in on INTC shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel from $32.00 to $37.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Intel in a research note on Tuesday, August 5th. They now have a $41.00 price target on the stock. Finally, analysts at Bernstein raised their price target on shares of Intel from $28.00 to $31.00 in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Intel has a consensus rating of “Hold” and a consensus target price of $33.42.
The stock has a 50-day moving average of $33.18 and a 200-day moving average of $28.10. The company has a market cap of $173.8 billion and a price-to-earnings ratio of 17.09.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Intel will post $2.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Thursday, August 7th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, August 5th.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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