Intel (NASDAQ:INTC) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Intel to post earnings of $0.87 per share for the quarter.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the 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 firm had revenue of $18.66 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. Intel’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect Intel to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of INTC stock opened at $58.78 on Wednesday. Intel has a one year low of $42.36 and a one year high of $59.59. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34. The company has a market cap of $274.99 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.54 and a beta of 0.79.
Several equities research analysts have issued reports on INTC shares. New Street Research set a $65.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Wednesday, March 27th. Sanford C. Bernstein reiterated a “sell” rating and set a $42.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Evercore ISI decreased their price objective on shares of Intel from $54.00 to $50.00 and set a “positive” rating for the company in a research note on Monday, January 14th. Finally, Nomura started coverage on shares of Intel in a research note on Tuesday, April 2nd. They set a “buy” rating and a $65.00 price objective for the company. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.40.
In other news, EVP Navin Shenoy sold 1,518 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $46.11, for a total value of $69,994.98. Following the completion of the transaction, the executive vice president now directly owns 52,419 shares in the company, valued at $2,417,040.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Thomas Mcbride sold 518 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the completion of the transaction, the vice president now owns 8,274 shares of the company’s stock, valued at $424,704.42. The disclosure for this sale can be found here. Insiders sold 65,431 shares of company stock valued at $3,500,497 over the last 90 days. Insiders own 0.02% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. HC Financial Advisors Inc. raised its holdings in Intel by 9.5% in the third quarter. HC Financial Advisors Inc. now owns 25,496 shares of the chip maker’s stock valued at $1,206,000 after acquiring an additional 2,206 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Intel by 4,553.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock valued at $2,496,000 after acquiring an additional 114,601,152 shares in the last quarter. Aft Forsyth & Company Inc. raised its holdings in Intel by 4.9% in the fourth quarter. Aft Forsyth & Company Inc. now owns 24,316 shares of the chip maker’s stock valued at $1,141,000 after acquiring an additional 1,125 shares in the last quarter. Lafayette Investments Inc. raised its holdings in Intel by 12.1% in the fourth quarter. Lafayette Investments Inc. now owns 61,003 shares of the chip maker’s stock valued at $2,863,000 after acquiring an additional 6,603 shares in the last quarter. Finally, Garrison Financial Corp raised its holdings in Intel by 13.0% in the fourth quarter. Garrison Financial Corp now owns 12,090 shares of the chip maker’s stock valued at $456,000 after acquiring an additional 1,394 shares in the last quarter. 64.69% of the stock is currently owned by hedge funds and other institutional investors.
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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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