Intel Corp.’s (INTC) “Buy” Rating Reiterated at Deutsche Bank AG
Intel Corp. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a report released on Wednesday. They presently have a $42.00 price target on the chip maker’s stock. Deutsche Bank AG’s price objective points to a potential upside of 11.26% from the stock’s previous close.
Several other research firms have also commented on INTC. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, June 21st. Vetr lowered Intel Corp. from a “buy” rating to a “hold” rating and set a $32.02 target price on the stock. in a research report on Wednesday, June 22nd. Argus reaffirmed a “buy” rating and set a $41.00 target price on shares of Intel Corp. in a research report on Wednesday, June 29th. Citigroup Inc. reaffirmed a “neutral” rating and set a $35.00 target price (up from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Finally, Mizuho reaffirmed an “outperform” rating and set a $36.00 target price on shares of Intel Corp. in a research report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.93.
Intel Corp. (NASDAQ:INTC) traded down 5.9070% during mid-day trading on Wednesday, hitting $35.5201. The stock had a trading volume of 21,811,447 shares. The stock’s 50-day moving average price is $36.98 and its 200-day moving average price is $33.74. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.36. The stock has a market cap of $168.05 billion, a price-to-earnings ratio of 17.2260 and a beta of 1.09.
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Intel Corp. (NASDAQ:INTC) last issued its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share 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 business earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $2.58 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.75%. Intel Corp.’s dividend payout ratio is currently 50.24%.
In other Intel Corp. news, CFO Stacy J. Smith sold 29,497 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $34.47, for a total value of $1,016,761.59. Following the completion of the transaction, the chief financial officer now directly owns 263,772 shares of the company’s stock, valued at approximately $9,092,220.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Andy D. Bryant sold 445,095 shares of the company’s 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 completion of the transaction, the chairman now directly owns 399,557 shares of the company’s stock, 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.
Institutional investors have recently bought and sold shares of the stock. Carlton Hofferkamp & Jenks Wealth Management LLC purchased a new position in Intel Corp. during the third quarter worth $242,000. GW&K Investment Management LLC boosted its position in Intel Corp. by 6.5% in the third quarter. GW&K Investment Management LLC now owns 746,627 shares of the chip maker’s stock worth $28,185,000 after buying an additional 45,647 shares during the last quarter. Trust Co. of Virginia VA boosted its position in Intel Corp. by 2.2% in the third quarter. Trust Co. of Virginia VA now owns 216,616 shares of the chip maker’s stock worth $8,177,000 after buying an additional 4,726 shares during the last quarter. Smith Chas P & Associates PA Cpas purchased a new position in Intel Corp. during the third quarter worth $243,000. Finally, FNY Managed Accounts LLC boosted its position in Intel Corp. by 589.9% in the third quarter. FNY Managed Accounts LLC now owns 68,990 shares of the chip maker’s stock worth $2,604,000 after buying an additional 58,990 shares during the last quarter. 64.82% of the stock is 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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