Dividend Stock Watchlist: Intel Corporation (NASDAQ:INTC)

In related news, VP William M. Holt sold 4,604 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $34.76, for a total value of $160,035.04. Following the completion of the sale, the president now owns 11,664 shares in the company, valued at approximately $408,240.

CEO Brian Krzanich talked about the company’s strategy to use its core assets to enter complementary market segments.

At Intel Corporation (NASDAQ:INTC) yearly investor meeting recently, the firm reported that its board of directors has accepted an raise in its cash dividend to $1.04 per-share on an yearly basis, an eight-cent raise, starting with the dividend that will be reported in the first quarter of 2016. Following the sale, the chief executive officer now owns 416,397 shares in the company, valued at approximately $12,496,073.97. The disclosure for this sale can be found here.

Shares of Intel were last seen up 3.5% at $34.33 in somewhat active trading. Volume is the number of shares traded in either a stock, or an exchange during a set period of time. Intel has a 12 month low of $24.87 and a 12 month high of $37.90. For example, if a company forecasts future profitability, the estimated P/E will be lower than the current P/E. P/E is calculated by dividing the market price per share by the expected earnings per share, and also referred to as price-to-earnings.

Intel Corporation (NASDAQ:INTC) rose 1.59% or 0.52 points on Wednesday and made its way into the gainers of the day. The consensus analyst estimates according to Thomson Reuters First Call for the next quarter is 0.49.

The company forecasts 2016 capital spending of around $10 billion, compared with earlier full-year 2015 capital spending forecasts of more than $7 billion. The sell-side analysts are projecting earnings per share of $-0.02 for the next fiscal quarter. The company’s quarterly revenue was down.6% compared to the same quarter past year. On a quarterly basis, that translates to $0.26 per share, versus the prior $0.24 per share payout. This represents a $0.96 annualized dividend and a dividend yield of 2.80%.

Other equities research analysts have also issued reports about the stock.

There are 25 covering research analysts that have issued an anticipated price level where they predict the stock will reach within the next year. Finally, BNP Paribas lifted their price target on shares of Intel to $40.00 and gave the company an “outperform” rating in a report on Friday.

Out of 21 analysts covering Intel Corporation (NASDAQ:INTC), 10 rate it “Buy”, 0 “Sell”, while 11 “Hold”. The 12-month consensus target price for the stock is $34.92, which reflects an upside potential of 0.58% over the current price.

Intel Corporation designs and manufactures integrated digital technology platforms. The Company sells these platforms to original equipment manufacturers (NASDAQ:INTC), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the communications and computing sectors. The Company’s platforms are employed to deliver a variety of computing experiences in laptops, 2 in the Internet, desktops, servers, tablets, smartphones, and 1 systems. The Company also develops and sells software and services primarily focused on security and technology integration. The Firm’s operating segments range from the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other.