Canaccord Genuity reiterated their buy rating on shares of Intel Corporation (NASDAQ:INTC) in a research note released on Tuesday. They currently have a $43.00 price objective on the chip maker’s stock.
INTC has been the subject of a number of other research reports. Wells Fargo & Company reissued an outperform rating and set a $45.00 price objective on shares of Intel Corporation in a research note on Monday, October 17th. Vetr raised Intel Corporation from a buy rating to a strong-buy rating and set a $39.45 price target for the company in a research note on Wednesday, November 30th. BlueFin Research reaffirmed a buy rating on shares of Intel Corporation in a research note on Monday, October 3rd. Sanford C. Bernstein set a $35.00 price target on Intel Corporation and gave the stock a hold rating in a research note on Friday, October 14th. Finally, Pacific Crest reaffirmed a buy rating and issued a $44.00 price target on shares of Intel Corporation in a research note on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $40.40.
Shares of Intel Corporation (NASDAQ:INTC) opened at 36.52 on Tuesday. Intel Corporation has a 52 week low of $27.68 and a 52 week high of $38.45. The firm’s 50-day moving average is $36.85 and its 200-day moving average is $35.94. The company has a market cap of $172.92 billion, a price-to-earnings ratio of 17.23 and a beta of 1.03.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm earned $16.40 billion during the quarter, compared to analyst estimates of $15.75 billion. Intel Corporation had a return on equity of 20.95% and a net margin of 17.37%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts predict that Intel Corporation will post $2.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th will be paid a $0.26 dividend. The ex-dividend date is Friday, February 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.85%. Intel Corporation’s payout ratio is 49.29%.
In other news, EVP Diane M. Bryant sold 11,607 shares of the company’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $34.74, for a total value of $403,227.18. Following the sale, the executive vice president now owns 112,006 shares in the company, valued at $3,891,088.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James D. Plummer sold 10,778 shares of the company’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $37.45, for a total value of $403,636.10. Following the completion of the sale, the director now owns 21,968 shares in the company, valued at approximately $822,701.60. The disclosure for this sale can be found here. Insiders sold 156,637 shares of company stock worth $5,732,128 in the last 90 days. Company insiders own 0.09% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Capital World Investors increased its position in shares of Intel Corporation by 9.7% in the third quarter. Capital World Investors now owns 183,278,777 shares of the chip maker’s stock worth $6,918,774,000 after buying an additional 16,231,087 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Intel Corporation during the fourth quarter worth about $330,056,000. Dimensional Fund Advisors LP increased its position in shares of Intel Corporation by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Intel Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Intel Corporation by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock worth $3,381,823,000 after buying an additional 4,719,872 shares in the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.
About Intel Corporation
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.