Stocks Roundup: Intel Corporation (NASDAQ:INTC), Newmont Mining Corporation (NYSE:NEM)
- Author: Arturo Norris Feb 24, 2017,
Feb 24, 2017, 6:29
The firm's price to book was 2.58, which can be compared with current price to get idea about under or overvalue of stock. Its revenue totaled $15.75 billion down -0.16% from the previous quarter.
A number of large investors have recently made changes to their positions in the company. Finally, American Research & Management Co. increased its stake in shares of Intel Corporation by 23.8% in the third quarter.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 26th. Ltd. now owns 8,295,798 shares of the chip maker's stock worth $301,186,000 after buying an additional 7,265,442 shares during the last quarter. Intel Corporation's 50-day moving average is $36.62 and its 200-day moving average is $36.07. American Research & Management Co. now owns 3,681 shares of the chip maker's stock valued at $139,000 after buying an additional 707 shares in the last quarter. MKM thinks the increased investments, as well as a focus on transitioning the DCG product families to new generation process technologies on a rapid basis (first segment slated for 7nm products), will equate to stronger longer-term top-line growth. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker's stock worth $113,000 after buying an additional 1,226 shares during the last quarter. The dividend stock is -5.52% off a 52-week high stock price of US$38.45 but is up 31.07% since hitting the US$28.95. Finally, D. Scott Neal Inc. raised its stake in shares of Intel Corporation by 1.3% in the third quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker's stock worth $129,000 after buying an additional 625 shares during the last quarter. The Insider Ownership of the company now is 0.04 percent, and Institutional Ownership is 68.4 percent. The median one-year price target of 34 analysts covering the company is $41.50, which suggests the stock could still rise over 12 percent.
For the current quarter, the highest estimate analysts provided is 14.94 Billion and the lowest is 14.77 Billion.
Canaccord Genuity Downgrade its coverage for Intel Corporation (NASDAQ:INTC) in a note sent to investors on 10-Feb-17.
Looking forward, the company is expected to report earnings of $0.64 per share for the current quarter. The company earned $16.40 billion during the quarter, compared to analyst estimates of $15.75 billion. Intel Corporation had a return on equity of 20.95% and a net margin of 17.37%. Shareholders of record on Tuesday, February 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 3rd. Intel Corporation's dividend payout ratio is now 49.29%.
Several equities research analysts recently commented on the stock. These analysts have also projected a Low Estimate of $0.56/share and a High Estimate of $0.66/share.
Price Target is an important factor while doing analysis of a stock. Pacific Crest restated an "overweight" rating and set a $43.00 price objective on shares of Intel Corporation in a research report on Friday, February 10th. Out of 0 brokerage recommendations, 0 gave a Strong Buy, 0 issued a Buy, 0 issued Hold, 0 rated Under-perform and 0 issued a Sell. The company now has a consensus rating of "Buy" and an average price target of $40.30.
In other news, CEO Brian M. Krzanich sold 79,051 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the completion of the sale, the executive vice president now directly owns 112,006 shares in the company, valued at approximately $3,891,088.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
In related news, EVP Diane M. Bryant sold 680 shares of the firm's stock in a transaction that occurred on Monday, January 30th. After the IPO closure, they can extend associate with the firm or find a striking sum of the company's shares. In the last 90 days, insiders sold 156,637 shares of company stock worth $5,732,128.
General Electric Company (NYSE:GE) plunged -0.62% with the closing price of $30.33.
Almost three years ago, microprocessor giant Intel (NASDAQ:INTC) began mass production of the first chips built using its 14-nanometer chip manufacturing technology. SSG segment includes Intel Security Group, and Software and Services group. This Company belongs to Computer and Technology sector.
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