Intel (INTC) Scheduled to Post Quarterly Earnings on Thursday

Intel (NASDAQ:INTCGet Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Intel to post earnings of $0.20 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The chip maker reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. The company had revenue of $15.34 billion for the quarter, compared to analyst estimates of $15.49 billion. Intel had a net margin of 19.13% and a return on equity of 11.67%. On average, analysts expect Intel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Intel Trading Down 1.2 %

Shares of INTC traded down $0.35 during mid-day trading on Tuesday, reaching $29.92. The company had a trading volume of 24,682,609 shares, compared to its average volume of 33,337,902. The stock has a market cap of $123.48 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The firm has a fifty day simple moving average of $28.42 and a 200-day simple moving average of $30.46. Intel has a fifty-two week low of $24.59 and a fifty-two week high of $52.72. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wedbush reiterated an “underperform” rating on shares of Intel in a report on Monday. Credit Suisse Group set a $28.00 target price on shares of Intel in a research note on Wednesday, January 11th. Rosenblatt Securities cut their target price on shares of Intel from $30.00 to $20.00 and set a “sell” rating on the stock in a research note on Friday, October 28th. Sanford C. Bernstein set a $23.00 target price on shares of Intel in a research note on Wednesday, January 18th. Finally, Bank of America cut their target price on shares of Intel from $30.00 to $28.00 and set an “underperform” rating on the stock in a research note on Friday, October 28th. Ten investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.29.

Insider Activity

In other Intel news, Director Lip Bu Tan purchased 48,146 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the acquisition, the director now owns 50,500 shares of the company’s stock, valued at approximately $1,412,990. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Intel news, Director Lip Bu Tan purchased 48,146 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the acquisition, the director now owns 50,500 shares of the company’s stock, valued at approximately $1,412,990. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 8,830 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was acquired at an average cost of $28.16 per share, with a total value of $248,652.80. Following the completion of the acquisition, the chief executive officer now directly owns 96,049 shares in the company, valued at approximately $2,704,739.84. The disclosure for this purchase can be found here. In the last three months, insiders acquired 58,830 shares of company stock valued at $1,646,744. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aspire Capital Advisors LLC acquired a new position in Intel during the 1st quarter valued at about $357,000. Wsfs Capital Management LLC boosted its stake in Intel by 14.1% during the 1st quarter. Wsfs Capital Management LLC now owns 6,986 shares of the chip maker’s stock valued at $346,000 after purchasing an additional 861 shares during the period. Retirement Income Solutions Inc boosted its stake in Intel by 5.1% during the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 307 shares during the period. 1832 Asset Management L.P. boosted its stake in Intel by 61.7% during the 1st quarter. 1832 Asset Management L.P. now owns 5,765 shares of the chip maker’s stock valued at $282,000 after purchasing an additional 2,200 shares during the period. Finally, Axiom Financial Strategies LLC boosted its stake in Intel by 21.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after purchasing an additional 1,056 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

About Intel

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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.

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Earnings History for Intel (NASDAQ:INTC)

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