Thursday, 22 June, 2017

Intel Shares Slide After First-quarter Earnings Release

Dolly Parton at a Sirius XM interview Image source Sirius XM
Javier Burns | 28 April, 2017, 01:52

Northside Capital Management LLC now owns 18,020 shares of the chip maker's stock valued at $680,000 after buying an additional 755 shares during the period. Vetr now has $37.50 price objective on the chip maker's stock.

Other analysts have also issued research reports about the stock.

Intel Corporation (INTC) has been given an average price target of $39.97 from analysts, according to data collected by Finviz. Roth Capital initiated Intel Corporation (NASDAQ:INTC) on Thursday, September 1 with "Buy" rating. Albion Financial Group UT raised its position in shares of Intel by 237.5% in the third quarter. Royal Bank of Canada restated a sector perform rating and set a $37.00 target price on shares of Intel in a report on Friday, January 27th. Finally, Barclays PLC reissued an "overweight" rating and issued a $45.00 target price on shares of Intel in a report on Friday, January 27th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. The consensus price target was last revised on 2017-04-24.

For the second quarter, Intel projects revenue of $14.4 billion, plus or minus $500 million, and adjusted earnings of about 68 cents per share. Intel Corporation has $45 highest and $30 lowest target. Latest closing price was 2.96% above its 50-day moving average and 3.71% above its 200-day moving average.

Currently, the market capitalization of Intel Corporation (INTC) is 174.22 Billion. Intel also was the recipient of some unusual options trading activity on Monday. Investors bought 4,477 put options on the stock.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 26th.

In the profitability analysis, net profit margin of the firm was recorded at 17.40% and operating profit margin was calculated at 21.50% while gross profit margin was measured as 60.90%. They were forecasting US$0.62 per share three months ago.

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For the quarter that ended March, the Santa Clara, Calif. -based company is expected to earn 65 cents per share on revenue of $14.81 billion.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st.

"Intel had a record quarter and it was driven by acquired growth with Altera and organic growth in flash memory", said Patrick Moorhead, analyst at Moor Insights & Strategy. The ex-dividend date is Wednesday, May 3rd. This represents a $1.09 annualized dividend and a yield of 2.95%. Those processors are 52 percent faster on a per clock basis than the previous generation, and it's not a simple matter for Intel to respond.

We can also take a look at some stock volatility data on shares of NVIDIA Corporation (NASDAQ:NVDA). Manning And Napier Limited Liability Company owns 584,857 shares. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

In other Intel news, EVP Diane M. Bryant sold 680 shares of the business's stock in a transaction on Monday, January 30th. The stock was sold at an average price of $35.21, for a total transaction of $2,541,176.12.

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