Intel Q1 Profit Beats Estimates; Raises FY17 Revenue, EPS Outlook

For the current quarter ending in July, Intel expects its per-share earnings to be 68 cents.

Intel is one of the world's largest semiconductor chip makers. Sales of server chips, which have helped it make up for that fall off in its main market, aren't expanding as quickly as Intel projected as corporate demand remains stagnant. Albion Financial Group UT now owns 80,767 shares of the chip maker's stock valued at $3,049,000 after buying an additional 56,838 shares during the last quarter.

Intel Security Group revenue of $534 million, down 1%. Finally, Elkfork Partners LLC purchased a new stake in shares of Intel during the fourth quarter worth approximately $81,579,000. Instinet maintained Intel Corporation (NASDAQ:INTC) on Friday, March 31 with "Buy" rating. Looking at the stock's movement on the chart, Intel Corporation recorded a 52-week high of $38.18. The company has a market capitalization of $174.61 billion, a price-to-earnings ratio of 17.42 and a beta of 1.03. The company's 50-day moving average is $35.75 and its 200-day moving average is $35.94. The target implies a 8.41% spike from where the shares are now trading. Stock investors bought 4,477 put options on the stock.

Intel Corporation (NASDAQ:INTC) is getting prepared to post earnings results on 4/27/2017 4:30:00 PM. The chip maker reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.04.

Intel Corporation (INTC) reported sales (ttm) of 59.39 Billion, whereas, 34 number of analysts estimated the mean sale of 14341.3 million. The stock touched its high share price of $38.45 on Jan 27, 2017 and the stock also touched its Lowest price in the last 52-weeks of trading on May 19, 2016 as $29.5. The company is targeted $60 billion in revenue in 2017, $12 billion in capital spending, and $20.5 billion in research and development.


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 given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a boost from Intel's previous quarterly dividend of $0.26. Intel's dividend payout ratio (DPR) is 49.29%.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this story on another website, it was copied illegally and reposted in violation of USA and worldwide copyright law. With 20.25M avg volume, 5 days are for Intel Corporation (NASDAQ:INTC)'s short sellers to cover INTC's short positions. (NYSE:DX) is under coverage by number of analysts. BNP Paribas set a $39.00 price target on shares of Intel and gave the company a "hold" rating in a report on Saturday, January 28th.

Intel Corporation (NASDAQ:INTC) yearly performance is 21.13% and net profit margin is 17.40%. They noted that the move was a valuation call. Credit Suisse maintained the shares of INTC in report on Friday, April 7 with "Neutral" rating. The share price is now down -1.29% for the past three months. Earnings per share is generally considered to be the single most important variable in determining a share's price. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.00 on scale of 1-5.

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that calculates the speed and change of price movements.

Intel's GAAP earnings rose to 61 cents per share from 42 cents per share past year. Following the completion of the transaction, the insider now directly owns 318,654 shares in the company, valued at approximately $11,560,767.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2, indicating analysts in general look favorably on the company's future prospects. The stock was sold at an average price of $37.53, for a total value of $25,520.40.

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