Intel Corporation (NASDAQ:INTC) – Analysts at Jefferies Group lowered their Q2 2017 EPS estimates for shares of Intel Corporation in a research note issued on Friday. Jefferies Group analyst M. Lipacis now expects that the firm will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.69. Jefferies Group has a “Buy” rating and a $45.00 price objective on the stock. Jefferies Group also issued estimates for Intel Corporation’s Q3 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.78 EPS and FY2017 earnings at $2.80 EPS.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Intel Corporation had a return on equity of 20.95% and a net margin of 17.37%. The business earned $16.40 billion during the quarter, compared to analysts’ expectations of $15.75 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year.
INTC has been the topic of a number of other research reports. Pacific Crest reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a report on Thursday, October 6th. Sanford C. Bernstein set a $36.00 price objective on Intel Corporation and gave the company a “hold” rating in a report on Saturday. BNP Paribas set a $39.00 price objective on Intel Corporation and gave the company a “hold” rating in a report on Saturday. Susquehanna reaffirmed a “positive” rating on shares of Intel Corporation in a report on Monday. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Intel Corporation in a report on Monday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty have issued a buy rating to the company. Intel Corporation presently has an average rating of “Buy” and a consensus target price of $40.40.
Shares of Intel Corporation (NASDAQ:INTC) opened at 36.8473 on Monday. The firm has a market cap of $174.47 billion, a PE ratio of 17.3808 and a beta of 1.06. The company has a 50 day moving average price of $36.86 and a 200 day moving average price of $35.92. Intel Corporation has a 12-month low of $27.68 and a 12-month high of $38.45.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $1.04 annualized dividend and a yield of 2.82%. Intel Corporation’s dividend payout ratio is 49.29%.
In other news, EVP Stacy J. Smith sold 29,497 shares of Intel Corporation stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $36.76, for a total transaction of $1,084,309.72. Following the sale, the executive vice president now directly owns 244,734 shares in the company, valued at approximately $8,996,421.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 11,607 shares of Intel Corporation stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $34.74, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 128,104 shares of company stock worth $4,669,249 over the last 90 days. Company insiders own 0.09% of the company’s stock.
Several hedge funds have recently modified their holdings of INTC. Capital World Investors raised its stake 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 valued at $6,918,774,000 after buying an additional 16,231,087 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Intel Corporation during the fourth quarter valued at $330,056,000. Dimensional Fund Advisors LP raised its stake 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 valued at $1,498,217,000 after buying an additional 8,662,708 shares during the period. Vanguard Group Inc. raised its stake 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 valued at $9,824,733,000 after buying an additional 5,697,051 shares during the period. Finally, Capital Research Global Investors raised its stake 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 valued at $3,381,823,000 after buying an additional 4,719,872 shares during the period. Institutional investors and hedge funds own 66.20% 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.