Intel (NASDAQ:INTC) Stock Price Up 2.6%

Intel Co. (NASDAQ:INTC) shares were up 2.6% during trading on Thursday . The stock traded as high as $21.46 and last traded at $21.32. Approximately 22,479,109 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 56,034,813 shares. The stock had previously closed at $20.77.

Analyst Ratings Changes

A number of brokerages have issued reports on INTC. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group cut their target price on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a research report on Monday, September 16th. Finally, StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $32.04.

Intel Stock Up 3.3 %

The company has a market cap of $92.97 billion, a PE ratio of 22.75 and a beta of 1.03. The stock’s 50 day moving average price is $23.67 and its 200-day moving average price is $30.98. 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 posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share. On average, analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.29%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INTC. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at $27,000. Tributary Capital Management LLC purchased a new position in Intel during the 1st quarter valued at $27,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Intel in the 1st quarter worth $36,000. Finally, America First Investment Advisors LLC purchased a new stake in shares of Intel in the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.