Intel Corporation (NASDAQ:INTC) – Research analysts at Jefferies Group boosted their FY2017 earnings per share estimates for shares of Intel Corporation in a research note issued on Friday. Jefferies Group analyst M. Lipacis now forecasts that the chip maker will post earnings of $3.24 per share for the year, up from their previous estimate of $3.02. Jefferies Group has a “Underperform” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Intel Corporation’s Q4 2017 earnings at $0.86 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.15 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.80 EPS and FY2019 earnings at $3.12 EPS.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter last year, the company earned $0.80 earnings per share. Intel Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year.

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Other analysts have also issued research reports about the company. Canaccord Genuity restated a “buy” rating and issued a $38.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Hilliard Lyons started coverage on Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price objective on shares of Intel Corporation in a report on Friday, July 14th. Finally, MKM Partners restated a “buy” rating and issued a $42.00 price objective on shares of Intel Corporation in a report on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.80.

Intel Corporation (NASDAQ:INTC) opened at 44.40 on Monday. The stock has a market cap of $208.64 billion, a PE ratio of 16.95 and a beta of 1.07. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $45.00. The stock has a 50 day moving average price of $38.72 and a 200-day moving average price of $36.29.

A number of hedge funds have recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. raised its stake in shares of Intel Corporation by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 29 shares during the period. Summit Asset Management LLC raised its stake in shares of Intel Corporation by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after purchasing an additional 46 shares during the period. Conservest Capital Advisors Inc. raised its stake in shares of Intel Corporation by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares during the period. Hudock Capital Group LLC raised its stake in shares of Intel Corporation by 0.4% in the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 53 shares during the period. Finally, Paradigm Financial Advisors LLC raised its stake in shares of Intel Corporation by 0.3% in the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of Intel Corporation stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $41.06, for a total transaction of $87,006.14. Following the transaction, the executive vice president now directly owns 114,091 shares in the company, valued at $4,684,576.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,042 shares of company stock worth $2,602,348. Corporate insiders own 0.08% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.45%. Intel Corporation’s dividend payout ratio is presently 38.11%.

About Intel Corporation

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Earnings History and Estimates for Intel Corporation (NASDAQ:INTC)

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