Intel Corp. (INTC) Receives Hold Rating from Citigroup Inc.
Intel Corp. (NASDAQ:INTC)‘s stock had its “hold” rating restated by equities research analysts at Citigroup Inc. in a report released on Wednesday. They currently have a $36.00 price objective on the chip maker’s stock. Citigroup Inc.’s price objective would suggest a potential downside of 4.64% from the stock’s current price.
Several other research analysts have also recently commented on INTC. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a research note on Saturday, July 9th. Needham & Company LLC decreased their price target on Intel Corp. from $43.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $46.00 price target on shares of Intel Corp. in a report on Wednesday. Finally, Goldman Sachs Group Inc. reaffirmed a “hold” rating and set a $36.00 price target on shares of Intel Corp. in a 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $40.02.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.75 on Wednesday. The company’s 50-day moving average price is $36.98 and its 200 day moving average price is $33.74. The firm has a market capitalization of $178.60 billion, a price-to-earnings ratio of 18.31 and a beta of 1.09. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36.
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Intel Corp. (NASDAQ:INTC) last released its earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, topping 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 firm earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the firm posted $0.64 EPS. Intel Corp.’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Intel Corp. will post $2.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other Intel Corp. news, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. 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 transaction, the chief executive officer now directly owns 420,506 shares in the company, valued at approximately $15,857,281.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the transaction, the chief financial officer now owns 263,772 shares in the company, valued at $9,092,220.84. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of INTC. James Investment Research Inc. boosted its position in Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the last quarter. Park National Corp OH boosted its position in Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Intel Corp. during the first quarter valued at $132,302,000. Finally, CIBC World Markets Inc. boosted its position in Intel Corp. by 14.2% in the second quarter. CIBC World Markets Inc. now owns 532,676 shares of the chip maker’s stock valued at $17,472,000 after buying an additional 66,041 shares during the last quarter. Hedge funds and other institutional investors 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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