Intel quarterly revenue misses estimates on data center weakness

Bridgeworth LLC acquired a new stake in shares of Intel Co. Buy rating has been given by 0 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 4 analysts given HOLD rating. 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. Jacobus Wealth Management Inc. purchased a new position in shares of Intel during the third quarter valued at approximately $119,000.

Intel Co. has a one year low of $29.50 and a one year high of $38.45. (NASDAQ:INTC) opened at 36.75 on Tuesday. Intel Corporation P/E (price to earnings) ratio is 17.42 and Forward P/E ratio of 12.62. The company's 50-day moving average is $35.75 and its 200-day moving average is $35.94.

Institutional investors have recently made changes to their positions in the stock. The Average Volume (3 months) is 24.01 Million.

Intel's shares were down 3.5 percent at $36.11 in aftermarket trading on Thursday. The chip manufacturing giant had $0.66 in earnings per share (EPS) and $14.8 billion in revenue, compared to Thomson Reuters consensus estimates which called for $0.65 in EPS and $14.81 billion in revenue. The firm earned $16.40 billion during the quarter, compared to the consensus estimate of $15.75 billion. Intel had a net margin of 17.37% and a return on equity of 20.95%. 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. During the same period a year ago, the business posted $0.74 EPS. On average, analysts anticipate that Intel Co. will post $2.80 earnings per share for the current year.

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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 given a dividend of $0.2725 per share. Intel's dividend payout ratio is now 49.29%. This represents a $1.09 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, May 3rd.

Intel's price-to-EBITDA ratio stood at 7.61x on April 21, 2017. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and worldwide copyright and trademark legislation. The correct version of this piece can be accessed at [[permalink]].

INTC has a 1-year high price of $ 38.18 and 1-year low price of $28.85.

Intel Corporation has 1 year price target of $39.97. Of the analysts providing short term targets, the most bullish analyst has a $45 target on the stock. Also, the current price highlights a discount of 22.05% to analysts' high consensus price target.

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In related news, EVP Diane M. Bryant sold 55,821 shares of the business's stock in a transaction that occurred on Friday, February 24th.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 3.83%, and has a solid year to date (YTD) performance of 2.55% which means the stock is constantly adding to its value from the previous fiscal year end price. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $37.13, for a total value of $659,243.15. The number of shares now owned by investors are 4.74 bln. The disclosure for this sale can be found here. Union Bankshares Corp now owns 141,790 shares of the chip maker's stock worth $5,352,000 after buying an additional 479 shares in the last quarter.

Since October 31, 2016, it had 0 insider buys, and 14 sales for $19.26 million activity.

Intel's Internet of Things Group revenue was $721 million, up 11%, while its Client Computing Group revenue came in at $8 billion, up 6%.

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