Intel (INTC) Announces Quarterly Earnings Results

Intel (NASDAQ:INTC) announced its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.25, Fidelity Earnings reports. The company had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. Intel updated its Q4 2018 guidance to $1.22-1.22 EPS and its FY 2018 guidance to $4.53-4.53 EPS.

Shares of INTC stock traded down $0.88 during trading hours on Friday, reaching $48.11. The company had a trading volume of 21,752,763 shares, compared to its average volume of 33,445,756. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. The company has a market cap of $227.93 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. Intel has a 1-year low of $42.04 and a 1-year high of $57.60.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is currently 34.68%.

In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the sale, the executive vice president now owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the sale, the vice president now directly owns 14,271 shares in the company, valued at approximately $649,758.63. The disclosure for this sale can be found here. In the last three months, insiders sold 8,747 shares of company stock worth $398,552. 0.03% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of INTC. Financial Gravity Wealth Inc. acquired a new stake in Intel during the 1st quarter worth $120,000. Cozad Asset Management Inc. acquired a new stake in Intel during the 2nd quarter worth $521,000. Family Management Corp increased its holdings in Intel by 118.4% during the 2nd quarter. Family Management Corp now owns 12,800 shares of the chip maker’s stock worth $636,000 after purchasing an additional 6,940 shares in the last quarter. Verition Fund Management LLC bought a new position in Intel during the 2nd quarter worth about $969,000. Finally, NorthCoast Asset Management LLC increased its holdings in Intel by 28.0% during the 2nd quarter. NorthCoast Asset Management LLC now owns 20,001 shares of the chip maker’s stock worth $994,000 after purchasing an additional 4,372 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. Summit Insights cut Intel from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Macquarie set a $60.00 price target on Intel and gave the company a “buy” rating in a report on Monday, October 29th. ValuEngine lowered Intel from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Stifel Nicolaus reiterated a “neutral” rating and issued a $52.00 price objective on shares of Intel in a research note on Thursday, August 9th. Finally, Barclays lowered Intel from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $62.00 to $53.00 in a research note on Monday, August 6th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have given a buy rating to the company. Intel presently has a consensus rating of “Hold” and an average target price of $55.27.

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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 for Intel (NASDAQ:INTC)

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