Intel Corporation (NASDAQ:INTC).
On July 10, 2017 the stock rating was changed to a “Underperform” according to a Jefferies report down from the previous “Neutral” rating. On June 21 the company was rated “Underperform” by Bank of America which was a cut from the previous “Buy” rating.
Loop Capital started covering INTC giving it an initial rating of “Buy”. On October 19 Nomura made no change to the company rating of “Buy” and lowered the price target from $49.00 to $40.00.
October 19 investment analysts at UBS left the company rating at “Buy” but lowered the price expectation to $40.00 from $43.00.
The company is so far trading up by 0.72% since yesterday’s close of $33.92. Intel Corporation announced a dividend for shareholders that was paid on Thu Jun 1, 2017. The dividend payment was $0.273 per share for the quarter or $1.09 on an annualized basis. This dividend represents a yield of $3.22. The ex-dividend date was set for Wednesday the 3rd of May 2017.
The stock last traded at $34.17 a bit lower than the 50 day moving average of $35.45 and which is marginally under the 200 day moving average of $36.08. The 50 day moving average was down by -3.775% and the 200 day average was down $-1.96.
Intel Corporation, launched on March 1, 1989, is involved in designing and manufacturing products and technologies, such as the cloud. The Business’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). The Company delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. Its platforms are managed by additional hardware, software and services offered by Intel..
The P/E ratio is 14.768 and the market value is 160.65B. In the latest earnings report the EPS was $2.31 and is expected to be $2.86 for the current year with 4,709,000,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.74 with next year’s EPS projected to be $2.97.
Investors are more bearish on Intel Corporation of late as implied by the increase in short interest. The stock had a rise in short interest of 2.01% between June 15, 2017 and May 31, 2017. Short interest increased 2,005,910 over that timeframe. The days to cover decreased to 5.0 and the short interest percentage is 0.02% as of May 31.