Intel shares slide after first-quarter earnings release

Lynne Hanson
April 28, 2017

Intel Co. Intel also was the recipient of some unusual options trading activity on Monday. (NASDAQ:INTC) from a hold rating to a buy rating in a report published on Monday morning. The stock now shows its YTD (Year to Date) performance of 0.58 percent while its Weekly performance value is 1.83%.

Several other equities research analysts have also commented on INTC. Evercore ISI restated a buy rating and issued a $45.00 price target (up previously from $43.00) on shares of Intel in a research note on Friday, December 16th. Brean Capital restated a buy rating on shares of Intel in a report on Tuesday, December 13th. Deutsche Bank AG reissued a "buy" rating and issued a $47.00 target price on shares of Intel in a report on Tuesday, January 24th. The shares were sold at an average price of $37.53, for a total transaction of $25,520.40. (NYSE:SD), 1 have Buy rating, 2 Sell and 2 Hold. Intel has a consensus rating of Hold and an average target price of $40.45. Intel Corporation (NASDAQ:INTC) shares have been recently spotted -3.11% away from the 52-week high, and 28.21% away from the 52-week low mark.

Intel Co. has a one year low of $29.50 and a one year high of $38.45. Company's distance from 20 day simple moving average is 2.71% and distance from 50-Day simple moving average is 2.96%. The company has a market cap of $174.61 billion, a PE ratio of 17.42 and a beta of 1.03. Intel also saw some unusual options trading on Monday. Prudential PLC now owns 4,891,130 shares of the chip maker's stock valued at $177,401,000 after buying an additional 653,104 shares during the period. The Average Volume (3 months) is 24.01 Million.

Intel (INTC +1.4%) is off 3.2% in very choppy early postmarket trading after posting a Q1 earnings report that beat profit expectations and narrowly missed on revenues. The Return on Investment (ROI) is at 11.1% while it's Return on Equity (ROE) value stands at 16.4%.

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For the current quarter, the company sees revenue of $13.9 billion to $14.9 billion, and EPS of 63 cents to 73 cents, that is better than consensus for $14.34 billion and 64 cents per share. After $0.45 actual EPS reported by Ducommun Incorporated for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

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The company 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 $0.2725 dividend. Norges Bank purchased a new stake in shares of Intel during the fourth quarter worth approximately $1,684,790,000. The ex-dividend date is Wednesday, May 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.95%. Moreover, Bank has 0.14% invested in Intel Corporation (NASDAQ:INTC). Looking back over the last month, shares have performed 4.86%. Manning And Napier Limited Liability Company owns 584,857 shares. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. The stock was sold at an average price of $35.21, for a total transaction of $2,541,176.12. And the company's earnings results Thursday, combined with solid guidance could be the catalyst to send INTC stock higher.

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