Intel Corp. (INTC) Receives Sector Perform Rating from RBC Capital Markets
Intel Corp. (NASDAQ:INTC)‘s stock had its “sector perform” rating reissued by investment analysts at RBC Capital Markets in a research report issued on Wednesday. They presently have a $37.00 price target on the chip maker’s stock. RBC Capital Markets’ target price suggests a potential downside of 1.99% from the stock’s current price.
INTC has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Monday, September 26th. Vetr lowered shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 price target for the company. in a research report on Monday, August 29th. Wells Fargo & Co. reiterated a “buy” rating on shares of Intel Corp. in a research report on Sunday, September 4th. BlueFin Research reiterated a “buy” rating on shares of Intel Corp. in a research report on Monday, October 3rd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $31.00 price target on shares of Intel Corp. in a research report on Wednesday, September 14th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-four have given a buy rating to the company’s stock. Intel Corp. currently has a consensus rating of “Buy” and an average price target of $39.91.
Intel Corp. (NASDAQ:INTC) traded down 5.91% during trading on Wednesday, hitting $35.52. 28,526,451 shares of the company’s stock were exchanged. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36. The firm has a 50 day moving average price of $36.98 and a 200 day moving average price of $33.74. The company has a market cap of $168.05 billion, a price-to-earnings ratio of 17.23 and a beta of 1.09.
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-receives-sector-perform-rating-from-rbc-capital-markets.html
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.08. The business earned $15.78 billion during the quarter, compared to analyst estimates of $15.58 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, equities research analysts predict that Intel Corp. will post $2.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid 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 yield of 2.75%. Intel Corp.’s dividend payout ratio (DPR) is presently 50.24%.
In other Intel Corp. news, CFO Stacy J. Smith sold 29,497 shares of Intel Corp. stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $34.47, for a total transaction of $1,016,761.59. Following the sale, the chief financial officer now owns 263,772 shares of the company’s stock, valued at approximately $9,092,220.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of Intel Corp. stock in a transaction on Friday, July 22nd. The stock was 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. Company insiders own 0.09% of the company’s stock.
A number of large investors have recently made changes to their positions in INTC. Carnick & Kubik LLC purchased a new position in shares of Intel Corp. during the first quarter valued at $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 valued at $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 valued at $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 valued at $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 valued at $118,000 after buying an additional 1,998 shares during the last quarter. 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.
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.