Intel (NASDAQ:INTC) Posts Earnings Results, Beats Estimates By $0.24 EPS

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Intel (NASDAQ:INTC) announced its earnings results on Thursday. The chip maker reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.24, RTT News reports. Intel had a return on equity of 29.44% and a net margin of 28.10%. The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $17.97 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. Intel updated its Q2 guidance to $1.05 EPS and its FY21 guidance to $4.60 EPS.

Intel stock traded down $1.13 on Thursday, reaching $62.57. The company’s stock had a trading volume of 37,092,133 shares, compared to its average volume of 34,999,652. The business’s fifty day moving average price is $63.98 and its 200 day moving average price is $55.19. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66. The company has a market cap of $254.81 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.63 and a beta of 0.74. Intel has a twelve month low of $43.61 and a twelve month high of $68.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be given a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 annualized dividend and a yield of 2.22%. Intel’s payout ratio is 28.54%.

In other news, CFO George S. Davis acquired 9,095 shares of the firm’s stock in a transaction on Tuesday, January 26th. The shares were purchased at an average cost of $55.34 per share, for a total transaction of $503,317.30. Following the transaction, the chief financial officer now owns 71,223 shares of the company’s stock, valued at $3,941,480.82. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Holmes Swan bought 27,244 shares of the stock in a transaction dated Monday, January 25th. The stock was purchased at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the completion of the purchase, the chief executive officer now directly owns 330,774 shares in the company, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

A hedge fund recently bought a new stake in Intel stock. OLD Mission Capital LLC purchased a new position in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,045 shares of the chip maker’s stock, valued at approximately $727,000. 63.25% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on INTC. Evercore ISI lifted their target price on shares of Intel from $68.00 to $75.00 and gave the stock an “in-line” rating in a report on Tuesday, March 30th. Sanford C. Bernstein set a $43.00 target price on Intel and gave the company a “sell” rating in a research note on Wednesday, March 24th. Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, March 25th. Cowen upped their price target on Intel from $75.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, January 22nd. Finally, Rosenblatt Securities restated a “sell” rating and issued a $40.00 price objective on shares of Intel in a research note on Tuesday, January 19th. Twelve investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $63.64.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Earnings History for Intel (NASDAQ:INTC)

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