Intel (NASDAQ:INTC) Shares Up 0.8%

Intel Co. (NASDAQ:INTC)’s stock price shot up 0.8% on Tuesday . The stock traded as high as $30.83 and last traded at $30.82. 7,147,830 shares were traded during mid-day trading, a decline of 85% from the average session volume of 46,973,879 shares. The stock had previously closed at $30.57.

Wall Street Analyst Weigh In

INTC has been the topic of a number of research reports. Benchmark reiterated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Truist Financial decreased their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Bank of America lowered their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Morgan Stanley cut their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $39.58.

Intel Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $31.34 and its two-hundred day moving average price is $39.75. The firm has a market capitalization of $130.01 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 14.65 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Equities research analysts expect that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, May 6th. Intel’s payout ratio is 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently made changes to their positions in INTC. New Millennium Group LLC increased its position in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Burkett Financial Services LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the first quarter worth $27,000. Finally, Valued Wealth Advisors LLC purchased a new position in Intel in the 4th quarter valued at $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.