Intel (NASDAQ:INTC) Trading Up 4.5%

Shares of Intel Co. (NASDAQ:INTC) shot up 4.5% during trading on Monday . The company traded as high as $20.57 and last traded at $20.54. 33,017,218 shares changed hands during trading, a decline of 39% from the average session volume of 54,410,570 shares. The stock had previously closed at $19.66.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Susquehanna lowered their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $32.04.

Intel Price Performance

The business’s fifty day simple moving average is $24.45 and its 200-day simple moving average is $31.29. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The firm has a market cap of $88.42 billion, a P/E ratio of 22.11 and a beta of 1.03.

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

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. America First Investment Advisors LLC purchased a new position in Intel in the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new position in Intel in the fourth quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC bought a new stake in Intel during the first quarter worth about $27,000. Finally, Cyrus J. Lawrence LLC bought a new stake in Intel during the second quarter worth about $27,000. 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.