Intel Corporation (NASDAQ:INTC) – Investment analysts at Oppenheimer Holdings boosted their FY2017 earnings per share estimates for shares of Intel Corporation in a note issued to investors on Friday. Oppenheimer Holdings analyst R. Schafer now forecasts that the chip maker will earn $3.00 per share for the year, up from their previous forecast of $2.85. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Intel Corporation’s Q4 2017 earnings at $0.82 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $3.10 EPS.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was reported by BNB Daily and is the property of of BNB Daily. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/fy2017-earnings-forecast-for-intel-corporation-nasdaqintc-issued-by-oppenheimer-holdings-updated-updated.html.
A number of other equities research analysts have also issued reports on INTC. B. Riley reaffirmed a “buy” rating and issued a $44.00 target price on shares of Intel Corporation in a research note on Wednesday, May 3rd. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $30.00 target price (up previously from $29.00) on shares of Intel Corporation in a research note on Friday. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating and issued a $42.00 target price on shares of Intel Corporation in a research note on Sunday. Zacks Investment Research raised Intel Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Loop Capital reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of Intel Corporation in a research note on Friday. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.52.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.76% during trading on Monday, reaching $35.74. The company had a trading volume of 3,725,100 shares. The firm’s 50 day moving average price is $34.55 and its 200 day moving average price is $35.72. The firm has a market capitalization of $167.94 billion, a P/E ratio of 13.64 and a beta of 1.00. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.07%. Intel Corporation’s dividend payout ratio is currently 41.76%.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the transaction, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total transaction of $73,486.92. Following the completion of the transaction, the executive vice president now directly owns 108,471 shares in the company, valued at approximately $3,761,774.28. The disclosure for this sale can be found here. Insiders sold 76,501 shares of company stock worth $2,581,891 in the last three months. 0.09% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Sigma Planning Corp boosted its position in shares of Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares in the last quarter. RB Capital Management LLC acquired a new position in shares of Intel Corporation during the fourth quarter worth about $858,000. Ellington Management Group LLC acquired a new position in shares of Intel Corporation during the fourth quarter worth about $203,000. Assenagon Asset Management S.A. acquired a new position in shares of Intel Corporation during the fourth quarter worth about $544,000. Finally, Wsfs Capital Management LLC acquired a new position in shares of Intel Corporation during the fourth quarter worth about $280,000. 67.41% of the stock is currently owned by hedge funds and other institutional investors.
About Intel Corporation
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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