Intel Co. (NASDAQ:INTC) – Equities researchers at B. Riley issued their FY2017 earnings estimates for shares of Intel in a report issued on Monday. B. Riley analyst C. Ellis anticipates that the chip maker will post earnings per share of $3.28 for the year. B. Riley has a “Buy” rating and a $53.00 price target on the stock. B. Riley also issued estimates for Intel’s Q4 2017 earnings at $0.89 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $3.50 EPS.
Other research analysts have also issued research reports about the company. Mizuho reissued a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Intel in a report on Monday, October 9th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective for the company. in a report on Tuesday, October 3rd. ValuEngine raised Intel from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Intel in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.72.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel 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 analyst estimates of $15.73 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Intel’s revenue was up 2.4% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in INTC. GSB Wealth Management LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $234,000. Walter & Keenan Financial Consulting Co. MI ADV raised its holdings in shares of Intel by 9.4% during the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock valued at $6,298,000 after acquiring an additional 11,764 shares in the last quarter. Pratt Collard Advisory Partners LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $1,004,000. Crossvault Capital Management LLC raised its holdings in shares of Intel by 28.0% during the fourth quarter. Crossvault Capital Management LLC now owns 69,464 shares of the chip maker’s stock valued at $3,206,000 after acquiring an additional 15,175 shares in the last quarter. Finally, Bfsg LLC raised its holdings in shares of Intel by 2.6% during the fourth quarter. Bfsg LLC now owns 97,328 shares of the chip maker’s stock valued at $4,493,000 after acquiring an additional 2,425 shares in the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.
In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. Insiders sold 1,485,415 shares of company stock valued at $65,733,081 in the last quarter. Corporate insiders own 0.08% of the company’s stock.
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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).
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