Intel (INTC) Shares Down 0%

Intel Co. (NASDAQ:INTC)’s share price dropped 0% during mid-day trading on Thursday . The company traded as low as $42.74 and last traded at $42.75. Approximately 42,440,000 shares traded hands during trading, an increase of 9% from the average daily volume of 38,900,000 shares. The stock had previously closed at $42.75.

INTC has been the topic of a number of research analyst reports. Canaccord Genuity increased their price objective on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of Intel in a research report on Thursday, January 4th. Stifel Nicolaus increased their price objective on shares of Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.10.

The firm has a market cap of $211,460.00, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. equities research analysts predict that Intel Co. will post 3.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.73%. Intel’s dividend payout ratio (DPR) is 60.61%.

In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total value of $880,610.22. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 932,755 shares of company stock valued at $41,387,752. 0.08% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Capital World Investors raised its position in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital Research Global Investors raised its position in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after buying an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after buying an additional 502,225 shares in the last quarter. 67.43% of the stock is owned by hedge funds and other institutional investors.

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Intel Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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