News stories about Intel (NASDAQ:INTC) have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Intel earned a daily sentiment score of 2.67 on their scale. InfoTrie also gave media coverage about the chip maker an news buzz score of 5 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Intel’s ranking:
- Apple in talks to buy key Intel modem unit – report (seekingalpha.com)
- Intel Exec: Project Athena Offers New Refresh Opportunities For Partners – CRN (crn.com)
- AMD’s Ryzen 9 3950X is a 16-core CPU aiming to topple Intel’s gaming dominance – PCWorld (pcworld.com)
- Intel Is Back in Breakout Mode This Spring – TheStreet (thestreet.com)
- Apple’s Touch Bar Could Learn a Lesson From Intel’s Dual Display Laptop Prototype – Gizmodo (gizmodo.com)
Several equities analysts have recently commented on INTC shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 price target on shares of Intel in a research note on Friday, April 26th. Deutsche Bank decreased their price target on Intel from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Wells Fargo & Co decreased their price target on Intel from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Argus lowered Intel from a “buy” rating to a “hold” rating and set a $52.43 price target on the stock. in a research note on Monday, April 29th. Finally, Daiwa Capital Markets lowered Intel from an “outperform” rating to a “neutral” rating in a research note on Monday, April 29th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. Intel has an average rating of “Hold” and a consensus target price of $54.17.
INTC opened at $46.85 on Wednesday. Intel has a 12-month low of $42.36 and a 12-month high of $59.59. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $206.08 billion, a P/E ratio of 10.23, a PEG ratio of 1.44 and a beta of 0.84.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The firm had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the prior year, the company earned $0.87 EPS. Intel’s revenue was up .0% on a year-over-year basis. Equities analysts forecast that Intel will post 4.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.315 per share. The ex-dividend date was Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.69%. Intel’s dividend payout ratio (DPR) is 27.51%.
In other Intel news, EVP Navin Shenoy sold 8,551 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $54.33, for a total transaction of $464,575.83. Following the sale, the executive vice president now owns 67,388 shares in the company, valued at approximately $3,661,190.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the sale, the executive vice president now owns 48,140 shares in the company, valued at approximately $2,647,700. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,575 shares of company stock worth $3,926,436. 0.02% of the stock is owned by company insiders.
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Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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