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

Behind Intel’s Transition into a Data Centric Company

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.

Related News:

  • Judo federation cancels championship in N. Korea

    Judo federation cancels championship in N. Korea

    Secretary of State Rex Tillerson, Director of National Intelligence Dan Coats, Defense Secretary James Mattis and Gen. The mission said North Korea will "surely win a victory in the death-defying struggle against the USA imperialists".
    Drake to host first-ever 'NBA Awards' on June 26

    Drake to host first-ever 'NBA Awards' on June 26

    Drake himself had hinted at the appearance back in January on University of Kentucky basketball coach John Calipari's podcast. It'd be a major surprise not to see him try to top "Side Pieces" with a new musical number of some sort.

    Paul George Not Ready To Think About Future

    However, when looking at Paul George's future, it seems a lot like he's alluding to leaving the Indiana Pacers in free agency. Larry Bird wanted more than just the potential No. 1 pick in this year's draft from the Celtics at this past trade deadline.
  • NASA's Cassini 'successfully dives' between Saturn and its rings

    NASA's Cassini 'successfully dives' between Saturn and its rings

    The gap between Saturn and the rings is about 1,500 miles (2,400 km) wide and likely littered with ice particles. But the craft has, this week, sent back a lovely new picture of the Earth, glimpsed through Saturn's rings.
    Study Shows More Drugged Than Drunk Drivers For The First Time

    Study Shows More Drugged Than Drunk Drivers For The First Time

    Roadside screenings for drugs that use saliva are being tested, and tests that use breath are being developed, Hedlund said. "People generally should get educated that drugs of all sorts can impair your driving ability", he said.

    Texas prepares to begin locking up leaders in sanctuary cities

    Greg Abbott has vowed to sign SB4, which would become the first state to ban sanctuary cities under the Trump administration. House representatives will debate the legislation Wednesday after Texas senators overwhelmingly passed it in February.
  • Central US may face severe weather outbreak late next week

    Central US may face severe weather outbreak late next week

    Today, there is a chance of thunderstorms today for areas generally north of Interstate 20 and east of Interstate 35, NWS states. But, when the second system moves in on Sunday , those rainfall totals could rise an additional one to three inches.

    EPA seeks to derail cleanup of coal power plant pollution

    Pruitt visited the complex and the adjacent residential neighborhood that make up what's known as the USS Lead Superfund site . Members of the Chicago EPA office also want to meet with Pruitt over his proposal to close the office and move it to Kansas.
    Fitbit data helps police arrest CT  man in murder of his wife

    Fitbit data helps police arrest CT man in murder of his wife

    However, time stamps on the fitness device, coupled with CCTV footage, indicate his wife had been at a local gym until 9.18 am. Mourning family members expressed relief that an arrest was made in Connie Dabate's death after 16 months of waiting.
  • Fashion Designers Just Remade the McDonald's Uniforms

    Fashion Designers Just Remade the McDonald's Uniforms

    This is the first time the company has tapped celebrity designers to create a new look for its employees, the press release says. McDonald's claims that 70% of its staff declared the uniform "very modern" and said they were "proud to wear" these clothes.
    Yahoo CEO Marissa Mayer will make $184 million from company's sale

    Yahoo CEO Marissa Mayer will make $184 million from company's sale

    Shareholders will be asked to approve the deal on 8 June and a yes vote will most likely trigger a huge payout for Mayer. And though reports have pointed to her exit, Mayer has said only that "for me personally, I'm planning to stay".

    UN chief says Yemen aid conference draws $1.1B in pledges

    That is a damning indictment of world leaders but also a real opportunity - they have the power to bring the suffering to an end. The global community must engage with all parties to the conflict to address the root causes.


Most liked

Body of Toddler Found in Deplorable Home
NBC 5 learned Wednesday that Gordon had hired an attorney as search crews were continuing their efforts to find Semaj. Authorities have not confirmed that Semaj was found in her own home.

Why the Nintendo Switch Really Costs More Than $299
This is the first official figure that Nintendo released for Switch sales, and the console units sold also fueled good game sales. The last time Nintendo's sales grew was in the year ended March 2009, when Wii demand drove profit to a record 555 billion yen.

Hot Switch sales boost Nintendo sales, trim quarterly loss
The Japanese firm entered the mobile gaming market a year ago to the relief of shareholders fretting about diving console sales. Kimishima said Nintendo would be spending more this year on promotion to sell the Switch, putting a drag on operating profit.

Celtics fall to Bulls in emotional game
Serge Ibaka added 16 points for Toronto, Cory Joseph had 11 and Jonas Valanciunas added 10 points and grabbed 10 rebounds. This was the first time Rondo had 10 assists in a playoff game since Game 7 of the 2012 Eastern Conference Finals.

Ronaldo 'never expected' to reach historic century of European goals
Real made a poor start, rarely threatening Germany's goalkeeper Neuer, back after minor foot surgery a fortnight ago. Chile global Arturo Vidal headed Bayern into a 26th-minute lead but then missed a penalty on the stroke of half-time.

Turkey arrests more than 800 as Erdogan launches fresh clampdown
Raids were continuing as authorities targeted what was described as a secret structure within Turkey's police force. Erdogan has repeatedly said he will wipe out the "virus" of Gulen from state institutions after the failed coup.

Amber Heard And Elon Musk Officially Dating - Johnny Depp Furious?
The news that the two are dating is not shocking at all. "One of the things they want to do is settle down and have a family". Amber's divorce from Johnny Depp was finalised in January, while Elon filed for divorce from his wife in 2015.

Barack Obama slammed for $575k Wall Street speech 'hypocrisy'
During the event in Chicago, Obama refrained from mentioning President Trump or commenting on his policies in office. He condemned high rewards paid to bank officials, and said Wall Street shared fault for the 2008 monetary emergency.

African countries chosen to test 1st malaria vaccine
The World Health Organisation has call for increased efforts to prevent malaria and save lives . While India also reports cases of malaria , situation in the country is not as bad as in Africa.

NFL draft: Browns still searching for franchise quarterback
In recent weeks, Shanahan has conducted private workouts with both Trubisky and Clemson quarterback Deshaun Watson. He said it was a priority going into his first two drafts, but came away with no quarterback.

Trump Set to Call for Big US Corporate Tax Cut
Today, the official scorekeeper for Congress dealt the argument - and Trump's plan - another blow. Afterward, Hatch called it, "a preliminary meeting".

Internet firms winding up for a fight on 'net neutrality'
A broadband provider could potentially decide to change its net neutrality policy after notifying customers. Such a strategy could put pressure on Congress to negotiate a legislative compromise more quickly.

Wisconsin dairy farms face closure due to Canadian policies
A government memorandum obtained by the National Post last month showed that the Liberals were considering banning U.S. iron. The president is referring to the Grassland Co-Op situation where 75 dairy farms lost their primary Canadian customers.

Minnesota dairy farms affected by US-Canada trade dispute
During the election, Trump repeatedly attacked NAFTA, but always did so in reference to the US relationship with Mexico. About 70 dairy producers of the ultra-filtered milk, which is used to make cheese, in both USA states are affected.

Labour leader Corbyn says could suspend Syria air strikes if elected
And now the Tory hard-liners want to take over the country. "He (Mr Corbyn) accepted hard Brexit, he voted for it". He is railing against rigged systems, putting the people before the powerful and defining his enemies.