Intel (INTC) to Release Earnings on Thursday

Intel (NASDAQ:INTC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Intel has set its Q1 guidance at $0.13 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, analysts expect Intel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Intel Trading Down 1.6 %

INTC stock opened at $35.68 on Thursday. Intel has a 1-year low of $26.85 and a 1-year high of $51.28. The firm has a market cap of $150.86 billion, a P/E ratio of 91.49, a P/E/G ratio of 3.21 and a beta of 1.00. The business’s 50 day moving average is $42.18 and its 200-day moving average is $42.35. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is currently 128.21%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their target price on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Evercore ISI assumed coverage on Intel in a report on Tuesday. They issued an “in-line” rating and a $40.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 26th. Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Finally, Morgan Stanley boosted their target price on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $42.62.

Insider Activity

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in INTC. Cantor Fitzgerald Investment Advisor L.P increased its holdings in Intel by 173.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after purchasing an additional 342,649 shares in the last quarter. Axiom Financial Strategies LLC grew its holdings in shares of Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after acquiring an additional 1,056 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of Intel in the 1st quarter valued at about $142,000. Retirement Income Solutions Inc grew its holdings in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 307 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Intel by 26.9% in 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 acquiring an additional 1,244,247 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.