Intel Corp.’s (INTC) “Overweight” Rating Reiterated at JPMorgan Chase & Co.
Intel Corp. (NASDAQ:INTC)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a $44.00 price objective on the chip maker’s stock, up from their prior price objective of $42.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 18.41% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. B. Riley reaffirmed a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a research note on Thursday, July 21st. Citigroup Inc. raised their price target on shares of Intel Corp. from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday. BMO Capital Markets reaffirmed a “hold” rating and set a $34.00 price target on shares of Intel Corp. in a research note on Monday. Finally, Stifel Nicolaus set a $39.00 price target on shares of Intel Corp. and gave the stock a “buy” rating in a research note on Monday. Three equities research 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.01.
Intel Corp. (NASDAQ:INTC) opened at 37.16 on Tuesday. Intel Corp. has a one year low of $27.68 and a one year high of $38.05. The firm has a market cap of $175.80 billion, a PE ratio of 18.02 and a beta of 0.93. The company has a 50 day moving average of $35.47 and a 200-day moving average of $32.89.
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Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. On average, equities research analysts predict that Intel Corp. will post $2.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date 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 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the completion of the transaction, the vice president now directly owns 92,826 shares in the company, valued at $3,388,149. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.46, for a total value of $51,896.76. Following the completion of the transaction, the vice president now owns 84,505 shares of the company’s stock, valued at $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock valued at $9,824,733,000 after buying an additional 5,697,051 shares in the last quarter. Capital World Investors increased its position in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock valued at $5,479,164,000 after buying an additional 8,095,076 shares in the last quarter. Capital Research Global Investors increased its position in shares of Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock valued at $3,381,823,000 after buying an additional 4,719,872 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock valued at $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock valued at $1,427,513,000 after buying an additional 2,414,858 shares in the last quarter. Hedge funds and other 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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