Intel Corp. (NASDAQ:INTC) was upgraded by Argus to a “buy” rating in a research note issued on Friday, AnalystRatingsNetwork.com reports.
A number of other analysts have also recently weighed in on INTC. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Intel Corp. in a research note to investors on Monday. They now have a $16.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, August 23rd. Finally, analysts at Piper Jaffray Cos. upgraded shares of Intel Corp. from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $22.00 price target on the stock, up previously from $20.00.
Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.95.
Shares of Intel Corp. (NASDAQ:INTC) opened at 22.06 on Friday. Intel Corp. has a one year low of $19.23 and a one year high of $25.98. The stock has a 50-day moving average of $22.86 and a 200-day moving average of $22.86. The company has a market cap of $109.9 billion and a P/E ratio of 11.92.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.23 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Monday, August 5th.
In other Intel Corp. news, VP David Perlmutter sold 443,375 shares of Intel Corp. stock on the open market in a transaction dated Monday, August 19th. The shares were sold at an average price of $22.29, for a total value of $9,882,828.75. Following the transaction, the vice president now directly owns 573,490 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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