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%.
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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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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