Intel Corp. (NASDAQ:INTC) announced a quarterly dividend on Tuesday, July 12th. The average EPS estimate is based on the estimates of all the brokerage entities who have recently issued reports on the stock.Intel Corporation has a provided a tentative date of 2016-07-20 on when it will release its quarterly results.In the quarter ended 2016-03-31, the company posted EPS of $0.54. Royal Bank Of Canada boosted their price target on shares of Intel Corp. from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Friday.
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Other Hedge Funds, Including, Marshwinds Advisory Co reduced its stake in INTC by selling 1,598 shares or 1.54% in the most recent quarter. On Dec 29, 2015, the shares registered one year high at $35.59 and the one year low was seen on Aug 24, 2015. The total amount of the transaction was worth $2,337,347, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
The broker said it has now set a “Market Perform” rating on shares of Intel Corporation with a price target of 36. Finally, Wedbush reissued an “outperform” rating and issued a $39.00 price target (down from $41.00) on shares of Intel Corp.in a research note on Thursday, April 14th. The company has a market capitalization of $160.55 billion and a price-to-earnings ratio of 14.52.
In the report, Cowen noted that this is a big “psychological win” for the chip maker as it could potentially expand to other deals as well. The business earned $13.80 billion during the quarter, compared to analysts’ expectations of $13.83 billion. The research firm believes that Intel’s chipset will be utilized in more than 50% of iPhone 7 as compared to previous estimate of 25%, during the fourth quarter of 2016.
Separately, TheStreet Ratings team rates the stock as a “buy” with a ratings score of B+. The stock presently has an average rating of “Buy” and a consensus target price of $36.04. On average, analysts anticipate that Intel Corp. will post $2.41 EPS for the current year.
Intel Corporation is engaged in the design and manufacture of digital technology platforms.
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“While this is certainly a meaningful number, the psychological effect for INTC is even greater as it opens up an entirely new non-CCG narrative”, Cowen wrote, referring to Intel’s Client Computing Group (CCG), which includes the PC and mobile chip businesses. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments.
