Stock investors bought 4,477 put options on the stock. And INTC stock, which has declined 2.5% in three months, is poised for a breakout north of $45 per share in the quarters ahead. Korea Investment CORP boosted its position in shares of Intel by 13.3% in the third quarter. Community Bank N.A. raised its position in Intel by 0.6% in the third quarter. The Programmable Solutions Group revenue was $425 million, up 18 percent. APG Asset Management N.V. now owns 14,298,314 shares of the chip maker's stock valued at $539,761,000 after buying an additional 138,352 shares during the period. Finally, Northside Capital Management LLC raised its position in Intel by 4.4% in the third quarter.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. The Company has 52-week high of $38.18 and 52-week low of $28.85. Shares are trading 0.07% above their 50-day moving average, and 6.19% below their 200-day moving average.
Microsoft Corporation (MSFT) now has the market capitalization of $520.48 Billion, P/E (price to earnings ttm) of 31.94 and Weekly volatility of 1.07% and monthly volatility of 1.02% respectively.
Vetr upgraded shares of Intel Co. Traders acquired 4,477 put options on the stock. The chip maker reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. The firm had revenue of $16.40 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter past year, the firm earned $0.74 EPS. That value represents a market adjusting for revenues that have been growing by 9.79 % on a quarterly year/year basis as of the company's last quarterly report. Intel had guided for 60 cents to 70 cents per share in adjusted earnings, 51 cents to 61 cents per share in GAAP earnings and revenue of between $14.3 billion and $15.3 billion. Vident Invest Advisory Ltd Liability Com stated it has 70,927 shares or 0.31% of all its holdings. It has a dividend yield of 2.95%. This is a positive change from Intel's previous quarterly dividend of $0.26. Intel's dividend payout ratio is presently 49.29%.
WARNING: This story was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was illegally stolen and republished in violation of USA and global copyright legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/bridgeworth-llc-acquires-new-stake-in-intel-co-intc-updated/599054.html. Analysts surveyed by FactSet had forecast earnings of 65 cents a share on revenue of $14.81 billion. Sanford C. Bernstein lowered Intel from a "market perform" rating to an "underperform" rating and cut their price target for the company from $36.00 to $30.00 in a research note on Tuesday, February 28th. Analysts set a 12-month price target of $39.97 a share. Finally, Wells Fargo & Co reissued a "top pick" rating and set a $45.00 price objective on shares of Intel in a research report on Tuesday, January 3rd.
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Shares of Intel closed Thursday up 1.4% at $37.43. They noted that the move was a valuation call. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.00 on scale of 1-5. Intel now has a consensus rating of "Hold" and a consensus price target of $40.45.
In related news, CEO Brian M. Krzanich sold 72,172 shares of the firm's stock in a transaction dated Monday, March 13th. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacy J. Smith sold 29,497 shares of the business's stock in a transaction on Friday, April 21st. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,703 shares of company stock valued at $6,728,262.
ATR value of company was 0.46.
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud.