Wells Fargo & Co reaffirmed a "top pick" rating and set a $45.00 price target on shares of Intel in a research report on Tuesday, January 3rd. Fusion Family Wealth LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $133,000. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that calculates the speed and change of price movements.
Intel Corporation (NASDAQ:INTC) shares edged up 0.33% to $36.87 on Tuesday. The stock now has Weekly Volatility of 1.23% and Monthly Volatility of 1.28%. The stock is trading $35.86 its 50-day moving average by -1.07%. Intel Corporation has $45 highest and $30 lowest target.
The company surged 1.18% and closed its last trading session at $36.32. The median estimate represents a 8.31% increase from the last price. The chip maker reported $0.79 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.04. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Presently, it has a Return on Equity (ROE) of 6.30% and Return on Investment (ROI) of 5.30%.
Revenues rose 8.0% from a year ago to $14.8 billion, matching analysts' view for $14.8 billion.
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Intel said the earnings period in the first quarter of 2016 included one more week than this year. Analysts forecast that Intel Co. will post $2.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.95%. He's done a solid job managing both Intel's growth and the company's costs. Moreover, Bank has 0.14% invested in Intel Corporation (NASDAQ:INTC).
ILLEGAL ACTIVITY WARNING: "Intel Co". (NYSE:DX) is under coverage by number of analysts. If you are viewing this story on another website, it was copied illegally and reposted in violation of US and global copyright law. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/04/27/intel-co-intc-raised-to-buy-at-vetr-inc-updated.html. Following the completion of the sale, the executive vice president now directly owns 4,247 shares in the company, valued at $157,691.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. A lower value may show larger traded value meaning more sell-side analysts may track the company leading to a lesser chance that shares are priced improperly.
Intel had a PS ratio of 2.87x on April 21, 2017.
In related news, CEO Brian M. Krzanich sold 72,172 shares of the firm's stock in a transaction dated Monday, March 13th. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,703 shares of company stock valued at $6,728,262. This number excludes 5 cents from non-recurring items. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.98% with $4.71 Billion sitting short, betting on future declines. Finally, American Research & Management Co. increased its position in shares of Intel by 23.8% in the third quarter. Community Bank N.A. raised its position in Intel by 0.6% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker's stock valued at $126,000 after buying an additional 200 shares in the last quarter. LSV Asset Management boosted its stake in Intel by 0.9% in the third quarter. The biggest holder now is John W. Jackson who owns 958,991 shares (0.12% of those outstanding), whilst Robert J. Hugin holds 891,201 (0.11% of shares outstanding) and Dr. Sol J. Barer, PhD holds 692,192 (0.09% of shares outstanding).