Intel Co. Forecasted to Earn FY2018 Earnings of $4.51 Per Share (INTC)

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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.

Several other equities research analysts also recently issued reports on INTC. Credit Suisse Group dropped their target price on Intel from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. B. Riley dropped their target price on Intel from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Intel in a research report on Friday, July 27th. Robert W. Baird set a $64.00 target price on Intel and gave the stock a “buy” rating in a research report on Thursday, July 12th. Finally, UBS Group upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and a consensus target price of $55.33.

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%.

About Intel

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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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