Intel Corp. (INTC) Stock Rating Reaffirmed by Brean Capital
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reissued by Brean Capital in a research report issued on Tuesday. They presently have a $40.00 target price on the chip maker’s stock. Brean Capital’s price objective would suggest a potential upside of 7.27% from the company’s previous close.
Several other brokerages also recently issued reports on INTC. Barclays PLC raised shares of Intel Corp. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $45.00 in a report on Tuesday. They noted that the move was a valuation call. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Intel Corp. in a report on Monday. Sanford C. Bernstein set a $35.00 price target on shares of Intel Corp. and gave the company a “neutral” rating in a report on Friday. Vetr downgraded shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $41.20 price target on the stock. in a report on Wednesday, October 12th. Finally, Pacific Crest reaffirmed a “buy” rating and issued a $44.00 price target on shares of Intel Corp. in a report on Thursday, October 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.00.
Intel Corp. (NASDAQ:INTC) traded up 1.247% during mid-day trading on Tuesday, reaching $37.755. 26,523,993 shares of the company traded hands. The stock has a market capitalization of $178.62 billion, a PE ratio of 18.310 and a beta of 1.09. The stock has a 50-day moving average of $36.92 and a 200 day moving average of $33.70. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36.
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Intel Corp. (NASDAQ:INTC) last issued its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping 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 had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that Intel Corp. will post $2.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
In related news, CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the sale, the chief executive officer now directly owns 420,506 shares in the company, valued at $15,857,281.26. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $34.46, for a total transaction of $51,896.76. Following the sale, 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 currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Headinvest LLC boosted its stake in Intel Corp. by 2.3% in the first quarter. Headinvest LLC now owns 10,397 shares of the chip maker’s stock valued at $336,000 after buying an additional 231 shares in the last quarter. PGGM Investments boosted its stake in Intel Corp. by 1.0% in the first quarter. PGGM Investments now owns 4,711,900 shares of the chip maker’s stock valued at $152,430,000 after buying an additional 48,411 shares in the last quarter. Athena Capital Advisors LLC boosted its stake in Intel Corp. by 0.6% in the first quarter. Athena Capital Advisors LLC now owns 48,815 shares of the chip maker’s stock valued at $1,579,000 after buying an additional 278 shares in the last quarter. Vicus Capital boosted its stake in Intel Corp. by 36.9% in the first quarter. Vicus Capital now owns 14,779 shares of the chip maker’s stock valued at $478,000 after buying an additional 3,985 shares in the last quarter. Finally, Bellecapital International Ltd. boosted its stake in Intel Corp. by 86.2% in the first quarter. Bellecapital International Ltd. now owns 12,960 shares of the chip maker’s stock valued at $405,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 64.82% 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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