Intel Corp. (INTC) PT Set at $40.00 by Nomura
Intel Corp. (NASDAQ:INTC) has been given a $40.00 price objective by equities research analysts at Nomura in a research note issued to investors on Wednesday. The brokerage currently has a a “buy” rating on the chip maker’s stock. Nomura’s target price points to a potential upside of 5.96% from the company’s previous close.
Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Monday, September 26th. Vetr lowered Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 target price for the company. in a report on Monday, August 29th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a report on Sunday, September 4th. BlueFin Research reaffirmed a “buy” rating on shares of Intel Corp. in a report on Monday, October 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $31.00 target price on shares of Intel Corp. in a report on Wednesday, September 14th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $39.91.
Intel Corp. (NASDAQ:INTC) traded down 5.99% during mid-day trading on Wednesday, hitting $35.49. The stock had a trading volume of 34,481,564 shares. Intel Corp. has a 1-year low of $27.68 and a 1-year high of $38.36. The firm’s 50-day moving average price is $36.98 and its 200-day moving average price is $33.74. The stock has a market cap of $167.90 billion, a PE ratio of 17.21 and a beta of 1.09.
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Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The firm earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. On average, equities analysts expect that Intel Corp. will post $2.58 earnings per share 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 Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 84,505 shares of the company’s stock, valued at approximately $2,912,042.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory R. Pearson sold 1,866 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.68, for a total transaction of $64,712.88. Following the completion of the transaction, the vice president now directly owns 86,635 shares in the company, valued at $3,004,501.80. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
A number of institutional investors have recently made changes to their positions in INTC. Emerald Acquisition Ltd. acquired a new stake in shares of Intel Corp. during the second quarter worth approximately $295,226,000. Dimensional Fund Advisors LP raised its position in 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 worth $1,498,217,000 after buying an additional 8,662,708 shares during the period. Capital World Investors raised its position in Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares during the period. Institutional Capital LLC raised its position in Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares during the period. Finally, Vanguard Group Inc. raised its position in Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares during the period. 64.82% of the stock is currently owned by 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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