Headlines about Intel (NASDAQ:INTC) have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Intel earned a daily sentiment score of 1.67 on their scale. InfoTrie also gave headlines about the chip maker an news buzz score of 5 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have effected Intel’s analysis:
- Intel Co. (INTC) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Intel announces soccer club partnerships (seekingalpha.com)
- Trump Associate Paul Manafort ‘Changed His Story Completely’ To Protect Suspected Member of Russian Intelligence, Prosecutors Say – Newsweek (newsweek.com)
- Deep Learning Market 2019 Top Key Leaders: IBM Corporation, NVIDIA, Intel Corporation, Samsung Electronics Co. Ltd, Microsoft Corporation (openpr.com)
- Intel’s IoT and Programmable Solutions Businesses at a Glance (finance.yahoo.com)
INTC has been the topic of a number of recent research reports. Macquarie reiterated a “buy” rating and set a $60.00 target price on shares of Intel in a research note on Friday, October 19th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Intel in a report on Friday, October 19th. Nomura raised Intel from a “neutral” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, October 22nd. B. Riley cut their price objective on Intel from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Finally, BidaskClub lowered Intel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have issued a buy rating to the company. Intel presently has an average rating of “Hold” and a consensus target price of $53.76.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Intel will post 4.5 EPS for the current year.
Intel declared that its board has approved a stock buyback plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the chip maker to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.30. Intel’s dividend payout ratio (DPR) is 27.51%.
In related news, CEO Robert Holmes Swan acquired 5,117 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were bought at an average price of $48.30 per share, with a total value of $247,151.10. Following the completion of the acquisition, the chief executive officer now owns 131,839 shares in the company, valued at $6,367,823.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navin Shenoy sold 4,522 shares of Intel stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $50.00, for a total transaction of $226,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 18,039 shares of company stock valued at $870,162. Insiders own 0.03% of the company’s stock.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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