Mizuho reiterated their in-line rating on shares of Intel Corporation (NASDAQ:INTC) in a research note issued to investors on Friday. They currently have a $42.00 price target on the chip maker’s stock.
Other equities research analysts have also recently issued reports about the stock. B. Riley restated a buy rating and set a $46.00 price target (up from $45.00) on shares of Intel Corporation in a report on Wednesday, October 19th. Sanford C. Bernstein set a $33.00 price target on shares of Intel Corporation and gave the company a neutral rating in a report on Thursday, October 20th. Argus restated a buy rating on shares of Intel Corporation in a report on Wednesday, November 23rd. Loop Capital assumed coverage on shares of Intel Corporation in a report on Tuesday, December 13th. They set a buy rating and a $40.00 price target for the company. Finally, Needham & Company LLC decreased their price target on shares of Intel Corporation from $43.00 to $42.00 and set a buy rating for the company in a report on Wednesday, October 19th. Two 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 company’s stock. Intel Corporation currently has an average rating of Buy and an average target price of $40.40.
Shares of Intel Corporation (NASDAQ:INTC) traded down 0.33% during trading on Friday, reaching $36.70. The company’s stock had a trading volume of 1,621,178 shares. The company’s 50-day moving average price is $36.86 and its 200 day moving average price is $35.92. The stock has a market capitalization of $173.77 billion, a price-to-earnings ratio of 17.31 and a beta of 1.06. Intel Corporation has a 1-year low of $27.68 and a 1-year high of $38.45.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. Intel Corporation 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 analysts’ expectations of $15.75 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post $2.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be issued a dividend of $0.26 per share. 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 payout ratio is 49.29%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 79,051 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the transaction, the chief executive officer now owns 394,406 shares in the company, valued at $14,391,874.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Diane M. Bryant sold 11,607 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $34.74, for a total transaction of $403,227.18. Following the transaction, the executive vice president now owns 112,006 shares in the company, valued at approximately $3,891,088.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,104 shares of company stock worth $4,669,249. Corporate insiders own 0.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex Financial Services Inc. increased its stake in shares of Intel Corporation by 3.2% in the fourth quarter. Essex Financial Services Inc. now owns 214,494 shares of the chip maker’s stock valued at $7,780,000 after buying an additional 6,570 shares in the last quarter. First Interstate Bank increased its stake in shares of Intel Corporation by 148.2% in the fourth quarter. First Interstate Bank now owns 29,280 shares of the chip maker’s stock valued at $1,062,000 after buying an additional 17,485 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of Intel Corporation during the fourth quarter valued at approximately $1,050,000. Hodges Capital Management Inc. increased its stake in shares of Intel Corporation by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker’s stock valued at $593,000 after buying an additional 50 shares in the last quarter. Finally, First Command Bank purchased a new stake in shares of Intel Corporation during the fourth quarter valued at approximately $455,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Intel Corporation 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.