Analyst Activity - Wells Fargo & Co Reiterates Outperform on Intel (NASDAQ:INTC)
- Author: Zachary Reyes Apr 06, 2017,
Apr 06, 2017, 18:48
The company's institutional ownership is monitored at 68.6 percent. Edmond DE Rothschild Monaco purchased a new position in Intel during the third quarter valued at approximately $113,000. Susquehanna Bancshares Inc restated a "positive" rating on shares of Intel in a research note on Monday, January 30th. Edmond DE Rothschild Monaco purchased a new stake in shares of Intel during the third quarter valued at about $113,000. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker's stock valued at $593,000 after buying an additional 50 shares during the period.
Cheviot Value Management LLC acquired a new stake in shares of Intel Co. Finally, American Research & Management Co. boosted its stake in shares of Intel by 23.8% in the third quarter. Acadian Asset Management LLC now owns 3,735,219 shares of the chip maker's stock valued at $141,000,000 after buying an additional 3,432,246 shares during the period.
Shares of Intel Co.
In the last Quarter, Intel Corporation (INTC) reported its Actual EPS of $0.79/share. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. $39.40's average target is 9.23% above currents $36.07 stock price. While some analysts have a High Price target for the stock of $45 and a Low Price Target of $30.
Intel Corporation (NASDAQ:INTC)'s earnings per share has been growing at a -2.4 percent rate over the past 5 year when average revenue increase was noted as 1.9 percent. Intel had a return on equity of 20.95% and a net margin of 17.37%. The business had revenue of $16.40 billion for the quarter, compared to the consensus estimate of $15.75 billion. Its Target Price was fixed at 40.03 at an IPO Date of 3/17/1980. There's a chance that shipments of Cannon Lake, Intel's first on the 10-nanometer production process may slip into next year.
Analysts give CREE a mean recommendation of 2.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.01%.
The stock increased 0.01% or $0.01 on March 31, reaching $77.06. Its quick ratio for most recent quarter is 1.50 along with current ratio for most recent quarter of 1.70.
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A number of other brokerages have also commented on INTC. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. Intel presently has an average rating of "Hold" and a consensus target price of $40.05. Wells Fargo & Co reiterated a "top pick" rating and issued a $45.00 price target on shares of Intel in a research note on Tuesday, January 3rd. Finally, Robert W. Baird reissued a "buy" rating and issued a $42.00 price objective on shares of Intel in a research note on Tuesday, March 14th.
Several sell side analysts reviewed their recommendations on Intel Corporation (INTC) where 5 analyst have rated the stock as Strong Buy, 17 analysts said it's a Buy, 14 rated the stock as Hold, 3 analysts reported Underperform and 1 analysts gave their recommendations as Sell. Intel Corporation (NASDAQ:INTC) has a Return on Assets (ROA) of 9.40%. The stock now has a Market Cap of $985.41M. The stock was sold at an average price of $37.23, for a total transaction of $167,646.69. Following the transaction, the chief executive officer now directly owns 549,091 shares in the company, valued at approximately $19,333,494.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $37.59, for a total value of $103,973.94.