Intel Corp. (INTC) Given a $36.00 Price Target at BNP Paribas
Intel Corp. (NASDAQ:INTC) has been given a $36.00 price target by analysts at BNP Paribas in a research report issued to clients and investors on Wednesday. The brokerage currently has a a “neutral” rating on the chip maker’s stock. BNP Paribas’ price objective would indicate a potential downside of 4.64% from the company’s current price.
A number of other analysts have also recently commented on the stock. Citigroup Inc. reaffirmed a “hold” rating and set a $36.00 price target on shares of Intel Corp. in a research report on Wednesday. Royal Bank Of Canada cut their price target on shares of Intel Corp. from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Needham & Company LLC cut their price target on shares of Intel Corp. from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday. Goldman Sachs Group Inc. reaffirmed a “hold” rating and set a $36.00 price target on shares of Intel Corp. in a research report on Wednesday. Finally, B. Riley reaffirmed a “buy” rating and set a $46.00 price target on shares of Intel Corp. in a research report on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.88.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.75 on Wednesday. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The firm has a market cap of $178.60 billion, a P/E ratio of 18.31 and a beta of 1.09. The company has a 50 day moving average price of $36.98 and a 200-day moving average price of $33.74.
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Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.08. The business had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
In other news, Chairman Andy D. Bryant sold 445,095 shares of Intel Corp. stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the sale, the chairman now owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. 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 sale, the vice president now directly owns 84,505 shares in the company, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Global X Management Co. LLC raised its stake 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. Carnick & Kubik LLC bought a new stake in shares of Intel Corp. during the first quarter worth $100,000. Penserra Capital Management LLC raised its stake 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. Proficio Capital Partners LLC raised its stake 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. Finally, Nelson Roberts Investment Advisors LLC raised its stake 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. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
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.
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