$0.80 Earnings Per Share Expected for Intel Corporation (INTC) This Quarter

Lloyd Doyle
October 12, 2017

Kensico Capital Management Corp bought 58,600 shares as the company's stock rose 5.74% with the market. Credit Suisse Group reissued an "outperform" rating on shares of Intel Corporation in a research note on Thursday, August 31st. Intel Corp now has $183.68B valuation. The stock, after opening at $39.48, hit $39.3 through the close by scoring -0.88%. About 2.80M shares traded. Intel Corporation (INTC) has made its way to a 12-month gain of 5.45%.

Intel Corporation has a consensus outperform rating from 42 Wall Street analysts, and the number of shares now sold short amount to at least 2.52% of shares outstanding. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The chip maker reported $0.66 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.65 by $0.01. Following the completion of the transaction, the chief executive officer now directly owns 549,091 shares of the company's stock, valued at $19,333,494.11. After $0.72 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts 11.11% EPS growth. Intel Corporation comprises 0.9% of Bowling Portfolio Management LLC's investment portfolio, making the stock its 18th largest holding. Regions Financial Corp (NYSE:RF) has risen 48.79% since October 12, 2016 and is uptrending. It has outperformed by 195.58% the S&P500.

Since May 2, 2017, it had 1 insider purchase, and 0 sales for $21.57 million activity. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: "Is Intel Corp". RBC Capital Markets maintained the stock with "Outperform" rating in Tuesday, November 3 report. To Announce Fiscal Fourth Quarter and Full-Year 2017 Financial ..." published on October 02, 2017 as well as Prnewswire.com's news article titled: "Visa Inc., Bloomberg Government to Host Global Trend towards Electronic ..." with publication date: "October 03, 2017. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Therefore 60% are positive. Synchronoss Technologies Inc. had 15 analyst reports since July 31, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, October 14 by Summit Research. ValuEngine downgraded shares of Intel Corporation from a "buy" rating to a "hold" rating in a research note on Friday, September 1st. Vetr upgraded Intel from a "hold" rating to a "buy" rating and set a $37.01 price objective for the company in a research report on Monday, May 15th. Jefferies maintained it with "Hold" rating and $3800 target in Thursday, June 1 report. RBC Capital Markets maintained it with "Underperform" rating and $8 target in Tuesday, May 23 report. The firm has "Buy" rating by FinnCap given on Tuesday, September 19. The firm has "Buy" rating given on Friday, June 2 by Oppenheimer. The stock of Intel Corporation (NASDAQ:INTC) has "Neutral" rating given on Thursday, January 14 by SunTrust. The firm earned "Buy" rating on Monday, September 19 by Roth Capital.

Investors sentiment increased to 1.03 in Q2 2017. Its down 0.72, from 1.37 in 2017Q1. It improved, as 78 investors sold INTC shares while 649 reduced holdings. 97 funds opened positions while 651 raised stakes. 10 stated it has 323,624 shares. 54,955 are owned by Homrich And Berg. Edge Wealth Llc stated it has 2.94% in Intel Corporation (NASDAQ:INTC). Alesco Advisors Ltd Liability Com holds 6,600 shares or 0.01% of its portfolio. Gateway Inv Advisers Lc invested in 2.76 million shares or 0.84% of the stock. The firm has "Underweight" rating by Morgan Stanley given on Wednesday, October 19. 22,564 are owned by Tuttle Tactical Mgmt. Ranger Mngmt Ltd Partnership has 17,990 shares for 2.77% of their portfolio. Hoertkorn Richard Charles owns 92,942 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 349,070 shares. Cim Invest Mangement has invested 0.12% in Synchronoss Technologies, Inc. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. On Friday, May 5 RENDUCHINTALA VENKATA S M sold $52,489 worth of Intel Corporation (NASDAQ:INTC) or 1,424 shares. South Street Limited Liability accumulated 6,300 shares or 0.07% of the stock. Computer Modelling Group Ltd. had 14 analyst reports since August 13, 2015 according to SRatingsIntel. The stock spiked 8.89% last month and is up 8.35 this year. INTC's profit will be $3.76B for 12.27 P/E if the $0.80 EPS becomes a reality. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.23, from 0.89 in 2017Q1. It is positive, as 44 investors sold V shares while 564 reduced holdings. 131 funds opened positions while 273 raised stakes. $3.50 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares were sold by Byron Michael. Usa Finance Portformulas has invested 0.13% in Regions Financial Corp (NYSE:RF). Janus Henderson Group PLC raised its stake in shares of Intel Corporation by 4,951.1% in the 2nd quarter. 331,600 are owned by Numeric Investors Ltd. Narwhal Management holds 166,689 shares or 1.46% of its portfolio. First Natl Bank Sioux Falls holds 1.15% or 8,311 shares. Suntrust Banks has 67,846 shares. Vantage Inv Lc owns 111,516 shares. Neville Rodie & Shaw Inc reported 111,701 shares. Private Advisor Grp Ltd, New Jersey-based fund reported 232,964 shares. Baystate Wealth Mgmt Ltd Liability Corp has 131 shares.

Analysts await Umpqua Holdings Corp (NASDAQ:UMPQ) to report earnings on October, 18. During the same quarter in the prior year, the company earned $0.59 EPS.

Cardinal Capital Management Inc decreased Granite Real Estate Investment stake by 29,300 shares to 10,875 valued at $430,000 in 2017Q2. It also reduced its holding in Western Digital Corp (NASDAQ:WDC) by 122,529 shares in the quarter, leaving it with 333,508 shares, and cut its stake in Aramark (NYSE:ARMK).

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