Intel Corporation (NASDAQ:INTC) up 6.19 per cent in the past week, is under coverage of 44 analysts who collectively recommend a hold rating on stock. The company earned $13.80 billion during the quarter, compared to analyst estimates of $13.83 billion. Portland Global Advisors LLC now owns 34,456 shares of the chip maker’s stock worth $1,187,000 after buying an additional 1,100 shares during the last quarter. The company recorded a trading capacity of 2.1 million shares above its three months average daily volume of 1.75 million shares. The insider owns 393,335 shares which have current market value of around $13743125.KRZANICH BRIAN M is another major inside shareholder in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Blue Fin Capital Inc. now owns 9,076 shares of the chip maker’s stock worth $294,000 after buying an additional 300 shares during the period. The hedge fund run by Beeneet Kothari held 1.08 million shares of the semiconductors company at the end of 2016Q1, valued at $34.89 million, down from 1.30M at the end of the previous reported quarter. Also, VP William M. Holt sold 4,603 shares of the business’s stock in a transaction dated Tuesday, April 26th.
Advertisement
The dividend yield for the company is hovering around 2.95% while the pay out ratio is now at 41.30%. The stock had closed at $35.01 in the previous days trading. The disclosure for this sale can be found here. Blue Fin Capital Inc. boosted its stake in Intel Corp.by 3.4% in the first quarter. IBM market capitalization is 153.86B with 377757 employees.
Average target price received by Intel Corporation (INTC) is $36.3 with an expected standard deviation of $3.29.
INTC has been the subject of several other reports. With an innovative open architecture modeled by more than 150 partners spread across 12 global markets, Intel Security Innovation Alliance is leading the way forward for security solutions. The median 12-month price target of 33 analysts covering the company is $36.00, which suggests the stock could still gain more than 3 percent. Sanford C. Bernstein set a $26.00 price target on shares of Intel Corp. and gave the stock a “sell” rating in a research note on Monday, May 30th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-one have given a buy rating to the stock. 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.
Advertisement
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s divisions include Client Computing Group, Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. The Companys platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things.
