Intel Corp. (INTC) Rating Increased to Buy at Charter Equity
Intel Corp. (NASDAQ:INTC) was upgraded by research analysts at Charter Equity from a “market perform” rating to a “buy” rating in a research report issued on Wednesday.
INTC has been the subject of several other research reports. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target 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 price target for the company. in a report on Monday, August 29th. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a report on Sunday, September 4th. BlueFin Research reissued a “buy” rating on shares of Intel Corp. in a report on Monday, October 3rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $31.00 price target 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 issued a hold rating and thirty-four have given a buy rating to the stock. Intel Corp. presently has a consensus rating of “Buy” and an average price target of $39.88.
Intel Corp. (NASDAQ:INTC) opened at 35.96 on Wednesday. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The company has a market capitalization of $170.13 billion, a price-to-earnings ratio of 17.44 and a beta of 1.09. The stock’s 50 day moving average price is $36.98 and its 200 day moving average price is $33.74.
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Intel Corp. (NASDAQ:INTC) last released its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.08. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The business earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. Intel Corp.’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
In related news, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $34.47, for a total value of $1,016,761.59. Following the sale, the chief financial officer now directly owns 263,772 shares in the company, valued at approximately $9,092,220.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Andy D. Bryant sold 445,095 shares of Intel Corp. stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the completion of the sale, the chairman now owns 399,557 shares in the company, valued at $13,860,632.33. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. Day & Ennis LLC raised its position in Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock worth $245,000 after buying an additional 27 shares during the period. D. Scott Neal Inc. raised its position in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock worth $163,000 after buying an additional 35 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock worth $147,000 after buying an additional 37 shares during the period. Beaumont Financial Partners LLC raised its position in Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock worth $265,000 after buying an additional 48 shares during the period. Finally, Peoples Bank National Association raised its position in Intel Corp. by 0.5% in the second quarter. Peoples Bank National Association now owns 10,232 shares of the chip maker’s stock worth $335,000 after buying an additional 50 shares during the period. Institutional investors own 64.82% of the company’s stock.
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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