That development has contributed to an 11 percent rise in Intel’s shares in the last three months. (NASDAQ:INTC) by 455.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The share price is trading in a range of $34.85 – $35.16.
Advertisement
After today’s market close, the Santa Clara, CA-based chipmaker posted adjusted earnings of 59 cents per share, surpassing analysts’ estimates of 53 cents per share. Intel Corporation makes up approx 1.84% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Ct Financial Advisors reduced its stake in INTC by selling 606 shares or 0.77% in the most recent quarter. Finally, Spinnaker Trust raised its stake in Intel Corp.by 4.0% in the fourth quarter. Maryland Capital Management now owns 119,399 shares of the chip maker’s stock worth $3,863,000 after buying an additional 12,085 shares in the last quarter. The 52 week high Intel Corporation’s shares have reached is 35.59 whilst the 52 week low for the company’s shares is 24.87. The stock closed Wednesday at $35.69 before Intel reported quarterly results; shares dipped by $1, 2.8 percent, in after-hours trading. The stock has a market capitalization of $165.98 billion and a P/E ratio of 15.01.
The company’s 50 day moving average is 32.43 and its 200 day moving average is 31.29. But the company warned it is cautious about the core PC market.
Revenue from the company’s data center business rose 5 per cent to $4 billion from a year earlier and accounted for 30 per cent of total revenue. During the same quarter a year ago, the business earned $0.41 EPS. The business’s revenue was up 8.0% compared to the same quarter past year. Analysts forecast that Intel Corp. will post $2.41 earnings per share for the current year. Stockholders of record on Sunday, August 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.96%.
A number of research analysts recently issued reports on INTC shares.
Advertisement
Intel Corporation (NASDAQ:INTC)’s mean EPS estimate was $0.59 for the quarter ended on 9/2015, while it reported EPS of $0.64 on 10/13/2015 BMO, beating the analysts’ consensus estimate by 0.05 with surprise factor of 8.47%. Royal Bank Of Canada restated a “hold” rating on shares of Intel Corp.in a report on Saturday, April 2nd. Sanford C. Bernstein set a $26.00 price target on Intel Corp. and gave the company a “sell” rating in a report on Monday, May 30th. The stock now has an average rating of “Buy” and a consensus price target of $36.19. Also, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction on Friday, July 1st. The Hedge Fund company now holds 286,238 shares of INTC which is valued at $9,732,092. Volume improved by 5%, though selling prices dropped 1%.
