Intel Corp. (INTC) Now Covered by Susquehanna
Stock analysts at Susquehanna assumed coverage on shares of Intel Corp. (NASDAQ:INTC) in a research report issued to clients and investors on Tuesday. The brokerage set a “positive” rating and a $42.00 price target on the chip maker’s stock. Susquehanna’s price objective points to a potential upside of 13.09% from the company’s current price.
Several other research firms have also issued reports on INTC. B. Riley reaffirmed a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Intel Corp. in a research note on Friday. Citigroup Inc. raised their price objective on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday. BMO Capital Markets reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Intel Corp. in a research note on Monday. Stifel Nicolaus set a $39.00 price target on Intel Corp. and gave the stock a “buy” rating in a research note on Monday. Finally, Robert W. Baird boosted their price objective on Intel Corp. from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.01.
Intel Corp. (NASDAQ:INTC) traded down 0.05% during midday trading on Tuesday, reaching $37.14. The company’s stock had a trading volume of 24,796,900 shares. The firm has a 50 day moving average price of $35.53 and a 200-day moving average price of $32.94. The company has a market cap of $175.71 billion, a P/E ratio of 18.01 and a beta of 0.93. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.05.
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Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The business earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. On average, equities research analysts predict that Intel Corp. will post $2.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. Intel Corp.’s dividend payout ratio is currently 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 250,192 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the transaction, the vice president now owns 92,826 shares of the company’s stock, valued at $3,388,149. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 71,413 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $32.73, for a total value of $2,337,347.49. Following the transaction, the chief executive officer now directly owns 435,796 shares of the company’s stock, valued at approximately $14,263,603.08. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Day & Ennis LLC boosted its position in shares of Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock worth $245,000 after buying an additional 27 shares during the last quarter. D. Scott Neal Inc. boosted its position in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares during the last quarter. Amarillo National Bank boosted its position in shares of Intel Corp. by 0.3% in the first quarter. Amarillo National Bank now owns 14,739 shares of the chip maker’s stock worth $477,000 after buying an additional 37 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock worth $147,000 after buying an additional 37 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted its position in shares of Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock worth $265,000 after buying an additional 48 shares during the last quarter. 64.77% of the stock is owned by institutional investors and hedge funds.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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