Intel (NASDAQ:INTC) Trading Up 1.9%

Intel Co. (NASDAQ:INTC)’s stock price was up 1.9% on Friday . The stock traded as high as $31.31 and last traded at $31.17. Approximately 8,028,436 shares were traded during trading, a decline of 83% from the average daily volume of 46,573,758 shares. The stock had previously closed at $30.59.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTC shares. Bank of America decreased their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, April 26th. Roth Mkm lowered their price target on Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Morgan Stanley cut their price objective on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Wells Fargo & Company decreased their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.58.

Intel Trading Up 1.2 %

The company’s fifty day simple moving average is $31.08 and its 200-day simple moving average is $39.50. The firm has a market capitalization of $131.84 billion, a PE ratio of 32.26, a P/E/G ratio of 14.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $12.76 billion. As a group, sell-side analysts expect that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Dividend Announcement

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

Insider Activity at Intel

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

Hedge Funds Weigh In On Intel

A number of institutional investors have recently added to or reduced their stakes in the stock. New Millennium Group LLC boosted its position in shares of 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 acquiring an additional 231 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new position in Intel in the first quarter valued at approximately $27,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Intel during the fourth quarter worth $36,000. Hedge funds and other 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.