Intel (NASDAQ:INTC) Trading Up 0.2%

Intel Co. (NASDAQ:INTC) traded up 0.2% during mid-day trading on Monday . The stock traded as high as $34.57 and last traded at $34.26. 9,351,521 shares were traded during trading, a decline of 80% from the average session volume of 46,520,430 shares. The stock had previously closed at $34.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INTC. Wedbush reiterated a “neutral” rating and set a $40.00 price target on shares of Intel in a research note on Wednesday, April 17th. Barclays boosted their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. The Goldman Sachs Group raised their price objective on Intel from $34.00 to $39.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. TD Cowen cut their price objective on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Finally, Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.38.

Intel Trading Down 0.4 %

The company has a 50-day moving average of $41.48 and a 200 day moving average of $42.36. 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 company has a market cap of $144.94 billion, a PE ratio of 87.90, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Analysts predict that Intel Co. will post 0.61 earnings per share for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.46%. Intel’s payout ratio is 128.21%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

Institutional investors and hedge funds have recently modified their holdings of the stock. 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 in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Intel in the fourth quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter valued at about $27,000. Tributary Capital Management LLC purchased a new position in Intel during the 1st quarter worth $27,000. Finally, Legacy Financial Group LLC acquired a new position in Intel during the 3rd quarter valued at about $30,000. Institutional investors own 64.53% of the company’s stock.

About Intel

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.