Intel Co. (NASDAQ:INTC)‘s stock had its “buy” rating reiterated by research analysts at Loop Capital in a research report issued to clients and investors on Wednesday. They presently have a $42.00 target price on the chip maker’s stock. Loop Capital’s price target suggests a potential upside of 19.42% from the company’s current price.
INTC has been the topic of several other reports. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Intel in a report on Friday, January 27th. Sanford C. Bernstein set a $36.00 price objective on Intel and gave the company a “hold” rating in a report on Saturday, January 28th. BNP Paribas set a $39.00 price objective on Intel and gave the company a “hold” rating in a report on Saturday, January 28th. Needham & Company LLC reissued a “buy” rating on shares of Intel in a report on Friday, February 10th. Finally, Pacific Crest reissued an “overweight” rating and issued a $43.00 price objective on shares of Intel in a report on Friday, February 10th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.24.
Shares of Intel (NASDAQ:INTC) opened at 35.18 on Wednesday. Intel has a 12-month low of $29.50 and a 12-month high of $38.45. The stock has a market cap of $166.33 billion, a price-to-earnings ratio of 16.59 and a beta of 1.03. The company’s 50-day moving average price is $36.29 and its 200 day moving average price is $36.16.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $16.40 billion for the quarter, compared to analyst estimates of $15.75 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. Intel’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts predict that Intel will post $2.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, February 3rd. Intel’s payout ratio is currently 49.29%.
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In other news, EVP Diane M. Bryant sold 55,821 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $36.34, for a total value of $2,028,535.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 680 shares of the business’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $37.53, for a total value of $25,520.40. Following the completion of the sale, the executive vice president now directly owns 107,758 shares of the company’s stock, valued at $4,044,157.74. The disclosure for this sale can be found here. Insiders sold a total of 200,851 shares of company stock valued at $7,357,436 over the last three months. Company insiders own 0.09% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Lebenthal Holdings LLC increased its stake in Intel by 58.0% in the second quarter. Lebenthal Holdings LLC now owns 275,583 shares of the chip maker’s stock valued at $9,039,000 after buying an additional 101,146 shares during the last quarter. Farmers National Bank purchased a new stake in Intel during the second quarter valued at $165,000. Day & Ennis LLC increased its stake in Intel by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock valued at $245,000 after buying an additional 27 shares during the last quarter. CAPROCK Group Inc. increased its stake in Intel by 5.9% in the second quarter. CAPROCK Group Inc. now owns 29,667 shares of the chip maker’s stock valued at $973,000 after buying an additional 1,643 shares during the last quarter. Finally, Beacon Trust Co. increased its stake in Intel by 0.9% in the second quarter. Beacon Trust Co. now owns 164,060 shares of the chip maker’s stock valued at $5,381,000 after buying an additional 1,460 shares during the last quarter. 65.90% of the stock is owned by institutional investors and hedge funds.
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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