Intel Co. (NASDAQ:INTC) – Research analysts at KeyCorp upped their Q2 2020 EPS estimates for shares of Intel in a note issued to investors on Thursday, January 23rd. KeyCorp analyst W. Twigg now anticipates that the chip maker will post earnings of $1.28 per share for the quarter, up from their prior forecast of $1.10. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Intel’s FY2020 earnings at $5.08 EPS, Q1 2021 earnings at $1.11 EPS, Q2 2021 earnings at $1.19 EPS, Q3 2021 earnings at $1.35 EPS, Q4 2021 earnings at $1.42 EPS and FY2021 earnings at $5.07 EPS.
A number of other equities analysts have also recently issued reports on the stock. Nomura raised their price objective on shares of Intel from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank reaffirmed a “buy” rating and issued a $72.00 price objective (up from $64.00) on shares of Intel in a research note on Friday. Loop Capital cut shares of Intel from a “hold” rating to a “sell” rating and raised their price objective for the company from $50.00 to $59.00 in a research note on Friday. Citigroup raised their price objective on shares of Intel from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Jefferies Financial Group raised shares of Intel from an “underperform” rating to a “hold” rating and raised their price objective for the company from $40.00 to $64.00 in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.48.
Shares of INTC stock opened at $65.69 on Monday. Intel has a 52-week low of $42.86 and a 52-week high of $69.29. The stock has a market cap of $297.84 billion, a PE ratio of 13.92, a PEG ratio of 1.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.01 and a current ratio of 1.40. The firm’s 50 day moving average price is $59.89 and its two-hundred day moving average price is $53.94.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 23rd. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. Intel had a net margin of 29.25% and a return on equity of 29.01%. The firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $19.23 billion. During the same period last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis.
Large investors have recently modified their holdings of the stock. Centric Wealth Management raised its holdings in shares of Intel by 18.9% during the third quarter. Centric Wealth Management now owns 13,448 shares of the chip maker’s stock worth $664,000 after acquiring an additional 2,137 shares during the period. RBA Wealth Management LLC raised its holdings in shares of Intel by 1.9% during the third quarter. RBA Wealth Management LLC now owns 50,623 shares of the chip maker’s stock worth $2,609,000 after acquiring an additional 920 shares during the period. M&R Capital Management Inc. raised its holdings in shares of Intel by 12.1% during the third quarter. M&R Capital Management Inc. now owns 21,314 shares of the chip maker’s stock worth $1,096,000 after acquiring an additional 2,300 shares during the period. Clean Yield Group raised its holdings in shares of Intel by 329.4% during the third quarter. Clean Yield Group now owns 11,689 shares of the chip maker’s stock worth $602,000 after acquiring an additional 8,967 shares during the period. Finally, Ambassador Advisors LLC acquired a new stake in Intel in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 65.37% of the company’s stock.
In related news, EVP Navin Shenoy sold 1,404 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.94, for a total transaction of $78,539.76. Following the sale, the executive vice president now directly owns 58,168 shares in the company, valued at $3,253,917.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James J. Goetz acquired 86,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $58.24 per share, for a total transaction of $5,037,760.00. Following the completion of the acquisition, the director now owns 137,720 shares of the company’s stock, valued at $8,020,812.80. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 81,284 shares of company stock worth $4,517,194. Insiders own 0.02% of the company’s stock.
Intel announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 7th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from Intel’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, February 6th. Intel’s dividend payout ratio (DPR) is currently 25.87%.
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.