Intel (NASDAQ:INTC) Shares Up 0.1%

Intel Co. (NASDAQ:INTCGet Free Report) shot up 0.1% during mid-day trading on Thursday . The company traded as high as $37.47 and last traded at $37.22. 10,200,747 shares were traded during mid-day trading, a decline of 78% from the average session volume of 46,229,625 shares. The stock had previously closed at $37.20.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INTC. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. Cantor Fitzgerald restated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Mizuho lowered their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, Bank of America lowered their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.48.

Get Our Latest Stock Report on Intel

Intel Trading Down 5.2 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The stock has a 50 day moving average of $42.58 and a 200 day moving average of $42.27. The firm has a market cap of $150.90 billion, a P/E ratio of 91.52, a PEG ratio of 3.33 and a beta of 1.00.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is currently 128.21%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. New Millennium Group LLC raised its position in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Burkett Financial Services LLC bought a new position in Intel during the 4th quarter valued at approximately $27,000. Hanseatic Management Services Inc. bought a new position in Intel during the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Intel in the 4th quarter worth approximately $36,000. Institutional investors own 64.53% of the company’s stock.

About Intel

(Get Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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