Zacks also provides a simplified scale for analyst recommendations.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Intel Corporation (INTC) stands at 1.92 while the industry's and the sector's growth for next 5 years ticked at -1.88 and 4.69 respectively. Finally, Canaccord Genuity restated a buy rating and issued a $43.00 price target on shares of Intel in a research note on Thursday, January 19th. Credit Suisse maintained the shares of INTC in report on Friday, April 7 with "Neutral" rating. Six investment 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 company. The stock's current RSI reading is at 67.74.
On Monday, Intel Corporation (NASDAQ:INTC) stock opened its trade at $36.67 and after floating in a range of $36.46 to $36.85, settled at $36.75. During its last trading session, Stock traded with the total exchanged volume of 26.95 million shares.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 3.83%, and has a solid year to date (YTD) performance of 2.55% which means the stock is constantly adding to its value from the previous fiscal year end price. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The target implies a 8.41% spike from where the shares are now trading.
In a move to lead in the autonomous vehicle space, Intel recently announced an agreement to buy Mobileye for about $15.3 billion in cash for the Israeli technology company's computer vision expertise. This represents an increase of approximately 253% compared to the typical volume of 1,267 put options. Microsoft reported adjusted earnings of 73 cents per share on $22.1 billion in GAAP revenue and $23.5 billion in non-GAAP revenue, compared to the analyst estimates of 70 cents per share on $23.7 billion in revenue.
Excluding items, Intel earned 66 cents per share. Presently, it has a Return on Equity (ROE) of 6.30% and Return on Investment (ROI) of 5.30%. Intel's revenue for the quarter was up 10.1% compared to the same quarter past year. "Q1 was up 7 percent over the same period previous year, a record quarter". On average, analysts anticipate that Intel Co. will post $2.80 earnings per share for the current fiscal year. Stockholders of record on Sunday, May 7th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.95%. Court Place Advisors LLC raised its position in shares of Intel by 2.1% in the third quarter. The ex-dividend date of this dividend is Wednesday, May 3rd.
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Shares of Intel Co.
Analysts await Ducommun Incorporated (NYSE:DCO) to report earnings on May, 4 after the close. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. and global trademark and copyright law. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/04/27/intel-co-intc-rating-reiterated-by-sanford-c-bernstein.html.
The Santa Clara, Calif. -based company is also facing increasing competition from companies like Advanced Micro Devices with its new slate of gaming graphics and processor chips . The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Following the completion of the transaction, the chief executive officer now owns 549,091 shares of the company's stock, valued at $19,333,494.11. The disclosure for this sale can be found here. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 4 analysts given HOLD rating.
A number of institutional investors have recently made changes to their positions in INTC.
Intel stressed the performance of its memory segment, which had record quarterly revenue after shipping the first Intel Optane products. Gulf International Bank UK Ltd now owns 1,437,337 shares of the chip maker's stock worth $54,259,000 after buying an additional 20,000 shares in the last quarter. Albion Financial Group UT boosted its position in shares of Intel by 237.5% in the third quarter. Union Bankshares Corp raised its position in Intel by 0.3% in the third quarter. Intel Co. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $35.94.