Intel Corporation Setting The Table For Earnings

Francis Harris
April 28, 2017

The Stock opened today's session at $36.87 and now the price is hovering at $37.22 by showing increase of 0.77 percent.

Other analysts have also issued research reports about the stock. Canaccord Genuity reissued a "buy" rating and issued a $43.00 target price on shares of Intel in a report on Thursday, January 19th. Citigroup maintained the shares of INTC in report on Wednesday, October 19 with "Neutral" rating. Morgan Stanley upgraded shares of Intel from an "underweight" rating to an "equal weight" rating and set a $38.00 target price for the company in a research note on Friday, January 27th. The institutional investor purchased 87,782 shares of the chip maker's stock, valued at approximately $3,184,000. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-six have issued a buy rating to the stock. The consensus price target was last revised on 2017-04-24.

For the current quarter ending in July, Intel expects its per-share earnings to be 68 cents.

Intel Corporation (INTC) has a 52-week high of $38.18 and a 52-week low of $28.85. Intel Corporation P/E (price to earnings) ratio is 17.42 and Forward P/E ratio of 12.62. Intel also was the recipient of unusually large options trading on Monday.

The number of shares now held by investors is 4.72 Billion. This represents an increase of 253% compared to the average volume of 1,267 put options.

Intel Corporation (NASDAQ:INTC) is getting prepared to post earnings results on 4/27/2017 4:30:00 PM. The chip maker reported $0.79 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.04. The Return on Equity (ROE) value stands at 16.4%.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, INTC earned gross profit of 35.61 Billion, in 2015 34.68 Billion gross profit, while in 2016 Intel Corporation (INTC) produced 36.19 Billion profit.

Looking ahead, INTC forecast Q2 EPS of $0.63 to $0.73, which is in-line with analyst expectations for $0.64. Intel's revenue for the quarter was up 10.1% on a year-over-year basis. Analysts anticipate that Intel Co. will post $2.80 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. In fact, the latest buzz around Intel partner resellers is that they have already started manufacturing motherboards based on the new HEDT X series PCH. Presently, NVIDIA Corporation has an FCF score of 1.284526. This is a positive change from Intel's previous quarterly dividend of $0.26.

The Relative Volume of the company is 0.92 and Average Volume (3 months) is 23.8 million. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 72,172 shares of the company's stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $37.53, for a total value of $25,520.40. Following the transaction, the executive vice president now owns 4,247 shares in the company, valued at approximately $157,691.11.

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