Intel (NASDAQ:INTC) Trading Up 0.6%

Intel Co. (NASDAQ:INTC)’s share price rose 0.6% on Friday . The stock traded as high as $24.66 and last traded at $24.06. Approximately 29,512,879 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 58,927,773 shares. The stock had previously closed at $23.92.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, August 2nd. HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. UBS Group reduced their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wedbush reduced their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Morgan Stanley reduced their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $32.04.

Intel Trading Up 0.0 %

The stock has a market cap of $101.87 billion, a price-to-earnings ratio of 25.06 and a beta of 1.03. The business has a fifty day simple moving average of $22.76 and a 200 day simple moving average of $30.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the prior year, the company earned ($0.05) EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. America First Investment Advisors LLC acquired a new stake in shares of Intel during the second quarter valued at about $25,000. Burkett Financial Services LLC acquired a new stake in shares of Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the first quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the second quarter valued at about $27,000. Finally, Spartan Fund Management Inc. acquired a new stake in shares of Intel during the second quarter valued at about $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Company Profile

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.