Intel Corp. (INTC) Research Coverage Started at Susquehanna
Research analysts at Susquehanna started coverage on shares of Intel Corp. (NASDAQ:INTC) in a report released on Tuesday. The brokerage set a “positive” rating on the chip maker’s stock.
Several other analysts have also recently issued reports on INTC. Sanford C. Bernstein set a $26.00 price objective on shares of Intel Corp. and gave the company a “sell” rating in a research note on Monday, May 30th. Sterne Agee CRT reaffirmed a “buy” rating and set a $38.00 price objective on shares of Intel Corp. in a research note on Tuesday, May 31st. Vetr cut shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $34.92 price objective for the company. in a research note on Wednesday, June 8th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Finally, Pacific Crest raised shares of Intel Corp. to an “outperform” rating in a research note on Monday, June 13th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty-one have given a buy rating to the stock. Intel Corp. presently has an average rating of “Buy” and a consensus target price of $38.54.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.16 on Tuesday. The company has a market cap of $175.80 billion, a P/E ratio of 18.02 and a beta of 0.93. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.05. The stock’s 50 day moving average is $35.47 and its 200 day moving average is $32.89.
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Intel Corp. (NASDAQ:INTC) last announced 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. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $2.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.80%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other news, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the transaction, the vice president now owns 84,505 shares in the company, valued at approximately $2,912,042.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gregory R. Pearson sold 1,866 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.68, for a total transaction of $64,712.88. Following the transaction, the vice president now owns 86,635 shares of the company’s stock, valued at approximately $3,004,501.80. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Pioneer Investment Management Inc. raised its position in Intel Corp. by 98.3% in the fourth quarter. Pioneer Investment Management Inc. now owns 169,339 shares of the chip maker’s stock valued at $5,834,000 after buying an additional 83,945 shares during the period. First American Bank raised its position in Intel Corp. by 4.1% in the first quarter. First American Bank now owns 133,085 shares of the chip maker’s stock valued at $4,305,000 after buying an additional 5,218 shares during the period. New England Research & Management Inc. raised its position in Intel Corp. by 4.0% in the first quarter. New England Research & Management Inc. now owns 40,533 shares of the chip maker’s stock valued at $1,311,000 after buying an additional 1,550 shares during the period. Trust Co. of Virginia VA raised its position in Intel Corp. by 15.8% in the first quarter. Trust Co. of Virginia VA now owns 195,545 shares of the chip maker’s stock valued at $6,326,000 after buying an additional 26,707 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Intel Corp. by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,547,912 shares of the chip maker’s stock worth $147,124,000 after buying an additional 75,574 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.
About Intel Corp.
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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