Intel Corporation (INTC) Beats On Earnings, Revenues Match Estimates

In the previous first quarter, Intel said it would lay off 12,000 employees. California State Teachers Retirement System raised its stake in Intel Corp.by 1.4% in the fourth quarter. Intel Corporation makes up approx 0.16% of Sonora Investment Management’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in INTC in the latest quarter, The investment management firm added 4,446 additional shares and now holds a total of 282,690 shares of Intel Corporation which is valued at $9,611,460. Finally, Sterne Agee CRT restated a “buy” rating on shares of Intel Corp.in a report on Tuesday, May 3rd. As companies like Softbank put in their bid to have a presence in IoT (the Japanese tech giant acquired ARM Holdings earlier this week for some £24 billion/$32 billion), Intel too looks to be laying the groundwork for its own shift. The stock decreased 0.37% or $0.13 during the last trading session, hitting $35.07. The stock has a market capitalization of $165.98 billion and a price-to-earnings ratio of 15.01.

Intel Corporation (NASDAQ:INTC) reached at $35.15 price level during last trade its distance from 20 days simple moving average is 6.00%, and its distance from 50 days simple moving average is 10.24% while it has a distance of 10.80% from the 200 days simple moving average. For the current quarter the company has highest EPS estimates of $0.6 and low forecast is $0.46. The company reported revenues of $13.5 billion with a non-GAAP earnings per share of 59 cents. Revenues Grew 2.53% year-over-year. However a year ago for the same quarter the company has reported $0.55 earnings per share. Intel didn’t provide an EPS guide. Investors of record on Sunday, August 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.96%.

INTC has been the subject of several research reports.

The company, which supplies processors and modem chips for phones, also said it expects to earn between $1.05 and $1.15 a share, a bit ahead of consensus estimates of $1.08. Deutsche Bank AG reiterated a “buy” rating on shares of Intel Corp.in a report on Saturday, April 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Intel Corp. from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Monday. The company now has an average rating of “Buy” and a consensus target price of $36.19. Also, Chairman Andy D. Bryant sold 185,740 shares of the firm’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $31.98, for a total transaction of $5,939,965.20. Following the sale, the chairman now directly owns 386,731 shares in the company, valued at $12,367,657.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.