Jefferies Group Brokers Cut Earnings Estimates for Intel Corporation (INTC)

Intel Corporation (NASDAQ:INTC) – Investment analysts at Jefferies Group lowered their Q3 2017 EPS estimates for Intel Corporation in a research note issued on Friday. Jefferies Group analyst M. Lipacis now forecasts that the brokerage will earn $0.74 per share for the quarter, down from their previous forecast of $0.78. Jefferies Group has a “Buy” rating and a $45.00 price target on the stock.

Several other equities analysts have also recently commented on INTC. B. Riley restated a “buy” rating and set a $46.00 price target (up from $45.00) on shares of Intel Corporation in a report on Wednesday, October 19th. Sanford C. Bernstein set a $36.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a report on Saturday, January 28th. BNP Paribas set a $39.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a report on Saturday, January 28th. Needham & Company LLC reiterated a “buy” rating on shares of Intel Corporation in a report on Friday. Finally, Pacific Crest reiterated an “overweight” rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Friday. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.30.

Earnings History and Estimates for Intel Corporation (NASDAQ:INTC)

“Jefferies Group Brokers Cut Earnings Estimates for Intel Corporation (INTC)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark law. The original version of this piece can be read at http://sleekmoney.com/jefferies-group-brokers-cut-earnings-estimates-for-intel-corporation-intc/1660386.html.

Intel Corporation (NASDAQ:INTC) opened at 35.80 on Monday. Intel Corporation has a 52 week low of $28.36 and a 52 week high of $38.45. The stock has a market capitalization of $169.51 billion, a P/E ratio of 16.89 and a beta of 1.03. The stock’s 50 day moving average price is $36.68 and its 200-day moving average price is $36.00.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business earned $16.40 billion during the quarter, compared to the consensus estimate of $15.75 billion. Intel Corporation had a return on equity of 20.95% and a net margin of 17.37%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. Intel Corporation’s dividend payout ratio is currently 49.29%.

In other news, CEO Brian M. Krzanich sold 79,051 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total value of $2,884,570.99. Following the completion of the sale, the chief executive officer now owns 394,406 shares in the company, valued at $14,391,874.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 11,607 shares of the stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $34.74, for a total transaction of $403,227.18. Following the completion of the sale, the executive vice president now owns 112,006 shares of the company’s stock, valued at approximately $3,891,088.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,637 shares of company stock valued at $5,732,128. 0.09% of the stock is currently owned by corporate insiders.

“Jefferies Group Brokers Cut Earnings Estimates for Intel Corporation (INTC)” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark law. The original version of this piece can be read at http://sleekmoney.com/jefferies-group-brokers-cut-earnings-estimates-for-intel-corporation-intc/1660386.html.

A number of institutional investors have recently bought and sold shares of INTC. Vanguard Group Inc. raised its position in Intel Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock valued at $9,824,733,000 after buying an additional 5,697,051 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Intel Corporation by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 48,281,810 shares of the chip maker’s stock valued at $1,751,339,000 after buying an additional 1,049,817 shares during the last quarter. LSV Asset Management raised its position in Intel Corporation by 0.9% in the third quarter. LSV Asset Management now owns 23,498,805 shares of the chip maker’s stock valued at $887,079,000 after buying an additional 213,200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Intel Corporation by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 21,342,405 shares of the chip maker’s stock valued at $700,366,000 after buying an additional 1,155,233 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Intel Corporation by 0.9% in the second quarter. Prudential Financial Inc. now owns 14,904,810 shares of the chip maker’s stock valued at $488,878,000 after buying an additional 128,876 shares during the last quarter. Institutional investors own 65.90% of the company’s stock.

About Intel Corporation

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

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