Brokerages expect Intel Co. (NASDAQ:INTC) to post sales of $15.60 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Intel’s earnings. The lowest sales estimate is $15.58 billion and the highest is $15.64 billion. Intel reported sales of $16.96 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 8%. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Intel will report full year sales of $68.78 billion for the current fiscal year, with estimates ranging from $66.59 billion to $71.50 billion. For the next year, analysts forecast that the business will report sales of $71.84 billion, with estimates ranging from $68.12 billion to $73.87 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Intel.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. The firm had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. Intel’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share.

A number of research firms recently issued reports on INTC. New Street Research set a $65.00 target price on Intel and gave the stock a “buy” rating in a report on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating on shares of Intel in a report on Friday, April 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 target price on shares of Intel in a report on Friday, April 26th. SunTrust Banks lifted their target price on Intel to $56.00 and gave the stock a “buy” rating in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co lowered Intel from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $55.00 to $60.00 in a report on Friday, April 5th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the stock. Intel has an average rating of “Hold” and an average price target of $54.23.

In other Intel news, VP Kevin Thomas Mcbride sold 518 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total transaction of $26,588.94. Following the completion of the sale, the vice president now directly owns 8,274 shares in the company, valued at approximately $424,704.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the sale, the executive vice president now owns 48,140 shares of the company’s stock, valued at $2,647,700. The disclosure for this sale can be found here. Insiders have sold a total of 100,320 shares of company stock valued at $5,343,843 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Intel by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Intel by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Intel by 4,553.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 117,118,039 shares of the chip maker’s stock worth $2,496,000 after purchasing an additional 114,601,152 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Intel by 13.4% during the 1st quarter. Wellington Management Group LLP now owns 73,480,465 shares of the chip maker’s stock worth $3,945,902,000 after purchasing an additional 8,665,499 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Intel by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 66,195,694 shares of the chip maker’s stock valued at $3,101,980,000 after acquiring an additional 1,511,887 shares in the last quarter. Hedge funds and other institutional investors own 64.80% of the company’s stock.

NASDAQ:INTC traded up $0.45 during mid-day trading on Wednesday, reaching $45.62. 22,682,460 shares of the stock were exchanged, compared to its average volume of 24,612,477. The firm has a market cap of $209.40 billion, a P/E ratio of 9.96, a PEG ratio of 1.40 and a beta of 0.75. Intel has a 1-year low of $42.36 and a 1-year high of $59.59. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.76%. Intel’s payout ratio is presently 27.51%.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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