Intel (NASDAQ:INTC) Issues Q3 2021 Earnings Guidance

Intel (NASDAQ:INTC) issued an update on its third quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.100-$1.100 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.080. The company issued revenue guidance of $18.20 billion-$18.20 billion, compared to the consensus revenue estimate of $18.12 billion.Intel also updated its FY 2021 guidance to $4.800-$4.800 EPS.

Several research firms recently commented on INTC. Mizuho raised their target price on Intel from $70.00 to $72.00 in a report on Wednesday, March 24th. The Goldman Sachs Group set a $57.00 target price on shares of Intel in a research note on Friday, July 16th. JPMorgan Chase & Co. set a $80.00 price target on shares of Intel and gave the company a buy rating in a research report on Wednesday, April 7th. Northland Securities started coverage on shares of Intel in a research note on Monday. They set a sell rating and a $42.00 target price on the stock. Finally, Benchmark restated a hold rating on shares of Intel in a research note on Friday, May 28th. Thirteen investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Intel currently has a consensus rating of Hold and a consensus price target of $62.54.

Shares of NASDAQ INTC traded down $1.89 during trading on Thursday, reaching $54.34. The stock had a trading volume of 1,475,313 shares, compared to its average volume of 20,038,356. The stock has a 50-day moving average price of $56.39. Intel has a fifty-two week low of $43.61 and a fifty-two week high of $68.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.54 and a current ratio of 1.90. The stock has a market capitalization of $219.42 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.60 and a beta of 0.61.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, April 21st. The chip maker reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.24. Intel had a net margin of 23.93% and a return on equity of 27.59%. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $17.97 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts expect that Intel will post 4.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 1st. Shareholders of record on Saturday, August 7th will be issued a dividend of $0.3475 per share. The ex-dividend date is Thursday, August 5th. This represents a $1.39 dividend on an annualized basis and a yield of 2.56%. Intel’s dividend payout ratio (DPR) is presently 26.23%.

In other Intel news, Director Dion J. Weisler purchased 4,464 shares of the firm’s stock in a transaction on Tuesday, May 4th. The stock was bought at an average cost of $56.00 per share, with a total value of $249,984.00. Following the acquisition, the director now directly owns 4,464 shares of the company’s stock, valued at $249,984. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory M. Bryant sold 2,842 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $57.83, for a total value of $164,352.86. Company insiders own 0.02% of the company’s stock.

A hedge fund recently bought a new stake in Intel stock. OLD Mission Capital LLC acquired a new stake in Intel Co. (NASDAQ:INTC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,045 shares of the chip maker’s stock, valued at approximately $727,000. 62.98% of the stock is owned by hedge funds and other institutional investors.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

Further Reading: Why is the conference call important?

Earnings History and Estimates for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.