Press coverage about Intel (NASDAQ:INTC) has been trending positive on Wednesday, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Intel earned a news impact score of 2.67 on their scale. InfoTrie also assigned news headlines about the chip maker an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Intel’s analysis:
- Apple in talks to buy key Intel modem unit – report (seekingalpha.com)
- Intel Exec: Project Athena Offers New Refresh Opportunities For Partners – CRN (crn.com)
- AMD’s Ryzen 9 3950X is a 16-core CPU aiming to topple Intel’s gaming dominance – PCWorld (pcworld.com)
- Intel Is Back in Breakout Mode This Spring – TheStreet (thestreet.com)
- Apple’s Touch Bar Could Learn a Lesson From Intel’s Dual Display Laptop Prototype – Gizmodo (gizmodo.com)
Several equities analysts recently weighed in on INTC shares. Morgan Stanley raised Intel from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $55.00 to $64.00 in a research note on Friday, February 22nd. Goldman Sachs Group reaffirmed a “sell” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Deutsche Bank raised their price objective on Intel from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, BMO Capital Markets downgraded Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective for the company. in a research note on Thursday, May 9th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $54.17.
Shares of NASDAQ:INTC opened at $46.85 on Wednesday. The firm has a market capitalization of $206.08 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. Intel has a 52 week low of $42.36 and a 52 week high of $59.59.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, research analysts anticipate that Intel will post 4.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 27.51%.
In related news, insider Venkata S. M. Renduchintala sold 37,989 shares of Intel stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.19, for a total value of $1,982,645.91. Following the transaction, the insider now owns 76,855 shares in the company, valued at $4,011,062.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Navin Shenoy sold 611 shares of Intel stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $51.00, for a total value of $31,161.00. Following the completion of the transaction, the executive vice president now owns 51,619 shares in the company, valued at approximately $2,632,569. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,575 shares of company stock valued at $3,926,436. Company insiders own 0.02% of the company’s stock.
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Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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