Loop Capital restated their buy rating on shares of Intel Co. (NASDAQ:INTC) in a research report released on Wednesday morning. The firm currently has a $42.00 target price on the chip maker’s stock.
INTC has been the subject of a number of other research reports. Vetr upgraded shares of Intel from a buy rating to a strong-buy rating and set a $40.65 price target for the company in a research note on Monday, February 6th. Needham & Company LLC lifted their price target on shares of Intel from $42.00 to $43.00 and gave the stock a buy rating in a research note on Friday, January 27th. Morgan Stanley reiterated an underweight rating on shares of Intel in a research note on Tuesday, December 6th. Instinet reiterated a buy rating and issued a $35.50 price target on shares of Intel in a research note on Tuesday, November 29th. Finally, Credit Suisse Group AG lifted their price target on shares of Intel from $40.00 to $45.00 and gave the stock an outperform rating in a research note on Friday, January 27th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $39.99.
Shares of Intel (NASDAQ:INTC) opened at 35.43 on Wednesday. The firm has a market cap of $167.51 billion, a price-to-earnings ratio of 16.71 and a beta of 1.03. Intel has a 1-year low of $29.50 and a 1-year high of $38.45. The stock has a 50 day moving average of $36.08 and a 200-day moving average of $36.14.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Intel had a net margin of 17.37% and a return on equity of 20.95%. The company earned $16.40 billion during the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Intel will post $2.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 7th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, February 3rd. Intel’s dividend payout ratio (DPR) is presently 49.29%.
In related news, EVP Diane M. Bryant sold 55,821 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $36.34, for a total transaction of $2,028,535.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 72,172 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the sale, the chief executive officer now directly owns 549,091 shares of the company’s stock, valued at approximately $19,333,494.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,023 shares of company stock valued at $9,898,612. Corporate insiders own 0.09% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. 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 worth $245,000 after buying an additional 27 shares during the period. Sfmg LLC increased its stake in Intel by 0.6% in the third quarter. Sfmg LLC now owns 6,354 shares of the chip maker’s stock worth $240,000 after buying an additional 35 shares during the period. Norris Perne & French LLP MI increased its stake in Intel by 0.7% in the third quarter. Norris Perne & French LLP MI now owns 7,106 shares of the chip maker’s stock worth $268,000 after buying an additional 46 shares during the period. Hodges Capital Management Inc. increased its stake in Intel by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker’s stock worth $593,000 after buying an additional 50 shares during the period. Finally, D. Scott Neal Inc. increased its stake in Intel by 1.3% in the third quarter. D. Scott Neal Inc. now owns 5,035 shares of the chip maker’s stock worth $190,000 after buying an additional 66 shares during the period. 65.90% of the stock is owned by hedge funds and other institutional investors.
Intel Company Profile
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.