Intel Co. (NASDAQ:INTC) – Investment analysts at SunTrust Banks boosted their FY2018 EPS estimates for Intel in a report issued on Thursday, October 25th. SunTrust Banks analyst W. Stein now anticipates that the chip maker will earn $4.51 per share for the year, up from their previous estimate of $4.15. SunTrust Banks also issued estimates for Intel’s Q3 2019 earnings at $1.18 EPS, Q4 2019 earnings at $1.23 EPS and FY2019 earnings at $4.54 EPS.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The business had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion.
Intel stock opened at $47.76 on Monday. Intel has a 12 month low of $42.04 and a 12 month high of $57.60. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $213.75 billion, a P/E ratio of 13.80, a PEG ratio of 1.20 and a beta of 0.97.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Counselors Inc. increased its stake in Intel by 2.5% in the third quarter. Financial Counselors Inc. now owns 494,761 shares of the chip maker’s stock valued at $23,397,000 after acquiring an additional 12,170 shares during the last quarter. Robecosam AG increased its stake in Intel by 11.1% in the third quarter. Robecosam AG now owns 828,049 shares of the chip maker’s stock valued at $37,991,000 after acquiring an additional 82,950 shares during the last quarter. Regentatlantic Capital LLC increased its stake in Intel by 0.8% in the third quarter. Regentatlantic Capital LLC now owns 481,618 shares of the chip maker’s stock valued at $22,776,000 after acquiring an additional 3,765 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in Intel by 20.5% in the third quarter. Ropes Wealth Advisors LLC now owns 97,192 shares of the chip maker’s stock valued at $4,596,000 after acquiring an additional 16,550 shares during the last quarter. Finally, Dubuque Bank & Trust Co. increased its stake in Intel by 5.4% in the third quarter. Dubuque Bank & Trust Co. now owns 129,004 shares of the chip maker’s stock valued at $6,100,000 after acquiring an additional 6,610 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the transaction, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 3,498 shares of company stock worth $163,118. Insiders own 0.03% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. Intel’s payout ratio is currently 34.68%.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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