Intel Co. (NASDAQ:INTC) – Analysts at SunTrust Banks reduced their Q2 2019 EPS estimates for Intel in a research report issued to clients and investors on Thursday, May 9th, according to Zacks Investment Research. SunTrust Banks analyst W. Stein now anticipates that the chip maker will post earnings per share of $0.88 for the quarter, down from their prior forecast of $0.89. SunTrust Banks has a “Buy” rating and a $56.00 price objective on the stock. SunTrust Banks also issued estimates for Intel’s Q3 2019 earnings at $1.16 EPS, FY2019 earnings at $4.31 EPS, Q1 2020 earnings at $1.10 EPS, Q2 2020 earnings at $1.10 EPS, Q3 2020 earnings at $1.16 EPS, Q4 2020 earnings at $1.16 EPS and FY2020 earnings at $4.52 EPS.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share.
INTC has been the subject of a number of other reports. Morgan Stanley upgraded Intel from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $55.00 to $64.00 in a research note on Friday, February 22nd. Goldman Sachs Group restated a “sell” rating and issued a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Deutsche Bank lifted their target price on Intel from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, BMO Capital Markets downgraded Intel from an “outperform” rating to a “market perform” rating and set a $47.99 target price for the company. in a research note on Thursday, May 9th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. Intel currently has a consensus rating of “Hold” and an average target price of $54.23.
NASDAQ:INTC traded up $0.55 during mid-day trading on Monday, reaching $45.10. The stock had a trading volume of 15,707,529 shares, compared to its average volume of 24,768,738. The company has a market capitalization of $200.52 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84. Intel has a 1-year low of $42.36 and a 1-year high of $59.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54.
The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.315 per share. The ex-dividend date was Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In related news, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the sale, the executive vice president now owns 48,140 shares of the company’s stock, valued at $2,647,700. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.19, for a total value of $1,982,645.91. Following the sale, the insider now directly owns 76,855 shares in the company, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,575 shares of company stock worth $3,926,436. Corporate insiders own 0.02% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Tributary Capital Management LLC purchased a new position in Intel during the 4th quarter worth approximately $28,000. Stone House Investment Management LLC purchased a new position in Intel during the 1st quarter worth approximately $32,000. Guidant Wealth Advisors grew its position in Intel by 234.9% during the 1st quarter. Guidant Wealth Advisors now owns 921 shares of the chip maker’s stock worth $49,000 after purchasing an additional 646 shares in the last quarter. Harvest Group Wealth Management LLC purchased a new position in Intel during the 1st quarter worth approximately $52,000. Finally, Next Capital Management LLC purchased a new position in Intel during the 4th quarter worth approximately $46,000. 63.18% of the stock is currently owned by hedge funds and other institutional investors.
Intel Company Profile
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.