Intel Co. (NASDAQ:INTC) – Equities researchers at B. Riley upped their FY2018 earnings per share (EPS) estimates for shares of Intel in a report released on Friday, October 26th. B. Riley analyst C. Ellis now expects that the chip maker will earn $4.53 per share for the year, up from their prior estimate of $4.16. B. Riley has a “Buy” rating and a $56.00 price target on the stock. B. Riley also issued estimates for Intel’s Q4 2018 earnings at $1.22 EPS, Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.33 EPS, Q4 2019 earnings at $1.36 EPS, FY2019 earnings at $4.85 EPS, Q1 2020 earnings at $1.16 EPS, Q2 2020 earnings at $1.29 EPS, Q3 2020 earnings at $1.43 EPS and FY2020 earnings at $5.30 EPS.
A number of other brokerages have also recently commented on INTC. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, September 26th. KeyCorp lowered their price target on Intel from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. BidaskClub cut Intel from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Evercore ISI reaffirmed a “hold” rating on shares of Intel in a research note on Sunday. Finally, Royal Bank of Canada lowered their price target on Intel from $57.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, October 1st. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $55.08.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. The company had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.83% and a net margin of 21.91%.
A number of large investors have recently added to or reduced their stakes in INTC. Elmwood Wealth Management Inc. acquired a new stake in shares of Intel in the 1st quarter valued at approximately $110,000. Quad Cities Investment Group LLC acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $107,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Intel in the 1st quarter valued at approximately $120,000. Ironwood Financial llc boosted its holdings in shares of Intel by 429.0% in the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after buying an additional 2,145 shares during the last quarter. Finally, WP Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $137,000. 65.44% of the stock is owned by hedge funds and other institutional investors.
In other Intel news, EVP Steven Ralph Rodgers sold 1,251 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total transaction of $60,510.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is currently 34.68%.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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