Intel Corp. (INTC) Set to Announce Quarterly Earnings on Tuesday
Intel Corp. (NASDAQ:INTC) is scheduled to be releasing its Q316 earnings data on Tuesday, October 18th. Analysts expect Intel Corp. to post earnings of $0.72 per share and revenue of $15.58 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. On average, analysts expect Intel Corp. to post $2.58 EPS for the current fiscal year and $2.81 EPS for the next fiscal year.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.45 on Monday. The company has a 50-day moving average of $36.86 and a 200-day moving average of $33.65. The stock has a market capitalization of $177.18 billion, a P/E ratio of 18.16 and a beta of 1.09. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
A number of equities analysts have weighed in on the company. Pacific Crest reissued a “buy” rating and issued a $44.00 target price on shares of Intel Corp. in a research report on Thursday, October 6th. KeyCorp boosted their target price on Intel Corp. from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, October 3rd. BlueFin Research restated a “buy” rating on shares of Intel Corp. in a research note on Monday, October 3rd. B. Riley restated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Intel Corp. in a research note on Friday, September 16th. Finally, Citigroup Inc. boosted their price target on Intel Corp. from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, September 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.73.
In related news, CEO Brian M. Krzanich sold 67,508 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory R. Pearson sold 250,192 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $36.50, for a total value of $9,132,008.00. Following the completion of the sale, the vice president now owns 92,826 shares in the company, valued at approximately $3,388,149. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of INTC. Westbourne Investment Advisors Inc. increased its stake in Intel Corp. by 33.1% in the second quarter. Westbourne Investment Advisors Inc. now owns 9,640 shares of the chip maker’s stock valued at $316,000 after buying an additional 2,400 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in Intel Corp. by 18.8% in the second quarter. HighPoint Advisor Group LLC now owns 36,234 shares of the chip maker’s stock valued at $1,265,000 after buying an additional 5,724 shares in the last quarter. Bell State Bank & Trust increased its stake in Intel Corp. by 0.3% in the second quarter. Bell State Bank & Trust now owns 69,527 shares of the chip maker’s stock valued at $2,280,000 after buying an additional 225 shares in the last quarter. Convergence Investment Partners LLC increased its stake in Intel Corp. by 26.5% in the second quarter. Convergence Investment Partners LLC now owns 258,818 shares of the chip maker’s stock valued at $8,489,000 after buying an additional 54,220 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in Intel Corp. during the second quarter valued at about $35,903,000. 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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