Intel Corp. (INTC) Given a $36.00 Price Target at BNP Paribas
Intel Corp. (NASDAQ:INTC) received a $36.00 price objective from BNP Paribas in a report issued on Wednesday. The firm presently has a a “neutral” rating on the chip maker’s stock. BNP Paribas’ price target points to a potential downside of 4.64% from the company’s previous close.
A number of other analysts also recently issued reports on INTC. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, June 21st. Vetr downgraded shares of Intel Corp. from a “buy” rating to a “hold” rating and set a $32.02 price target on the stock. in a report on Wednesday, June 22nd. Argus reiterated a “buy” rating and issued a $41.00 price target on shares of Intel Corp. in a report on Wednesday, June 29th. Citigroup Inc. reiterated a “neutral” rating and issued a $35.00 price target (up from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Finally, Mizuho reiterated an “outperform” rating and issued a $36.00 price target on shares of Intel Corp. in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.91.
Intel Corp. (NASDAQ:INTC) traded down 6.25% during mid-day trading on Wednesday, hitting $35.39. 38,675,688 shares of the stock were exchanged. The firm has a market capitalization of $167.43 billion, a price-to-earnings ratio of 17.16 and a beta of 1.09. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36. The company’s 50-day moving average price is $36.98 and its 200 day moving average price is $33.74.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/intel-corp-intc-given-a-36-00-price-target-at-bnp-paribas-2.html
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. The company had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. Equities research analysts expect that Intel Corp. will post $2.58 EPS for the current year.
The business 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 of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.75%. Intel Corp.’s dividend payout ratio is presently 50.24%.
In other news, VP Gregory R. Pearson sold 1,866 shares of Intel Corp. stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.68, for a total value of $64,712.88. Following the transaction, the vice president now directly owns 86,635 shares of the company’s stock, valued at approximately $3,004,501.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. stock in a transaction on 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 directly owns 84,505 shares in the company, valued at $2,912,042.30. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Carnick & Kubik LLC acquired a new position in shares of Intel Corp. during the first quarter worth approximately $100,000. Global X Management Co. LLC boosted its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its position in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the last quarter. 64.82% of the stock is currently 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.
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.