Intel (NASDAQ:INTC) Shares Up 0.2%

Intel Co. (NASDAQ:INTC)’s stock price rose 0.2% during trading on Thursday . The company traded as high as $30.65 and last traded at $30.59. Approximately 5,578,856 shares changed hands during trading, a decline of 88% from the average daily volume of 46,687,090 shares. The stock had previously closed at $30.54.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTC. Truist Financial lowered their price target on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Morgan Stanley decreased their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 26th. Finally, Barclays decreased their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Intel Stock Performance

The stock has a market capitalization of $131.84 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 14.58 and a beta of 1.06. The firm’s fifty day moving average is $31.08 and its 200-day moving average is $39.53. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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). Intel had a return on equity of 2.19% and a net margin of 7.36%. The company had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. As a group, research analysts anticipate that Intel Co. will post 0.09 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. Intel’s payout ratio is presently 52.08%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Millennium Group LLC boosted its holdings 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 purchasing an additional 231 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in Intel during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the 1st quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Intel in the 4th quarter worth approximately $36,000. 64.53% of the stock is currently 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.