Intel's Data Center Business Falls Short of Target, Again

Kristi Paul
April 28, 2017

Shares of Intel closed Thursday up 1.4% at $37.43. (NASDAQ:INTC) by 23.0% during the fourth quarter, Holdings Channel reports. Finally, Citigroup Inc reissued a "hold" rating on shares of Intel in a report on Saturday, February 11th. Credit Suisse Group AG boosted their target price on shares of Intel from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, January 27th.

Shares of Intel Corporation (NASDAQ:INTC) surged 0.33% to $36.87. The stock traded with the volume of 22.39 Million shares in the last trading session. The stock now has Weekly Volatility of 1.23% and Monthly Volatility of 1.28%.

The Stock has Weekly volatility of 2.41% and monthly volatility of 2.22%. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. Intel Co. Intel also was the target of unusually large options trading on Monday. This represents an increase of 253% compared to the typical volume of 1,267 put options.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

Intel's PE ratio stood at 17.1x on April 21, 2017. 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.

Intel's GAAP earnings rose to 61 cents per share from 42 cents per share previous year. Analysts anticipate that Intel Co. will post $2.80 EPS for the current fiscal year. Virginia Retirement System Et Al holds 1.03% or 2.04 million shares. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a positive change from Intel's previous quarterly dividend of $0.26.

Vetr upgraded shares of Intel Co. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of USA and global copyright and trademark legislation. The correct version of this story can be viewed at

Until it struck the deal, Santa Clara-based Intel's presence in the market was through investments in at least half a dozen start-up companies developing different components for self-driving systems. The institutional investor purchased 87,782 shares of the chip maker's stock, valued at approximately $3,184,000. Following the completion of the transaction, the chief executive officer now directly owns 549,091 shares in the company, valued at approximately $19,333,494.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 680 shares of the stock in a transaction on Monday, January 30th. The company has an average rating of "Hold" and a consensus price target of $40.45. The disclosure for this sale can be found here.

Sprint Corporation (S) failed to surprise the stock market in its last reported earnings when it earned -$0.12 a piece versus the consensus-estimated -$0.09. HighPoint Advisor Group LLC now owns 36,790 shares of the chip maker's stock valued at $1,288,000 after buying an additional 556 shares during the period. The stock, after opening at $8.8, hit $8.95 through the close by scoring 2.76%. Community Bank N.A. raised its position in Intel by 0.6% in the third quarter.

During the first quarter, Intel also generated about $3.9 billion in cash from operations, paid dividends of $1.2 billion, and used $1.2 billion to repurchase 35 million shares of stock. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values.

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