Intel (INTC) Set to Announce Quarterly Earnings on Thursday

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

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

Intel Stock Down 1.2 %

Shares of INTC opened at $29.92 on Wednesday. The business’s 50 day moving average is $28.42 and its 200 day moving average is $30.46. The company has a market capitalization of $123.48 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. Intel has a 12-month low of $24.59 and a 12-month 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

Several analysts recently issued reports on INTC shares. Credit Suisse Group set a $28.00 target price on Intel in a research note on Wednesday, January 11th. Stifel Nicolaus cut their price target on Intel from $32.00 to $28.00 and set a “hold” rating for the company in a report on Friday, October 28th. Susquehanna Bancshares cut their price target on Intel to $23.00 in a report on Friday, September 30th. Robert W. Baird cut their price target on Intel from $40.00 to $34.00 in a report on Monday, October 31st. Finally, The Goldman Sachs Group set a $24.00 price target on Intel in a report on Tuesday, December 13th. Ten analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.29.

Insider Transactions at Intel

In related news, Director Lip Bu Tan purchased 48,146 shares of Intel stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the transaction, the director now owns 50,500 shares in the company, valued at approximately $1,412,990. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Lip Bu Tan purchased 48,146 shares of Intel stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the transaction, the director now owns 50,500 shares in the company, valued at approximately $1,412,990. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 8,830 shares of Intel stock in a transaction dated Monday, October 31st. The stock was bought at an average cost of $28.16 per share, with a total value of $248,652.80. Following the completion of the transaction, the chief executive officer now 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 purchased 58,830 shares of company stock valued at $1,646,744. Corporate insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INTC. Clearbridge Investments LLC increased its position in Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after buying an additional 16,074,485 shares in the last quarter. Capital Research Global Investors acquired a new position in Intel during the 1st quarter valued at about $107,067,000. Charles Schwab Investment Management Inc. increased its position in Intel by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,354,790 shares of the chip maker’s stock valued at $1,107,904,000 after buying an additional 1,332,635 shares in the last quarter. Edgar Lomax Co. VA increased its position in Intel by 431.5% during the 1st quarter. Edgar Lomax Co. VA now owns 1,561,538 shares of the chip maker’s stock valued at $77,390,000 after buying an additional 1,267,750 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Intel by 26.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after purchasing an additional 1,244,247 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

About Intel

(Get Rating)

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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