Intel (NASDAQ:INTC) Trading 0.1% Higher

Intel Co. (NASDAQ:INTC) traded up 0.1% during trading on Wednesday . The stock traded as high as $31.15 and last traded at $31.10. 4,902,113 shares were traded during trading, a decline of 89% from the average session volume of 46,314,078 shares. The stock had previously closed at $31.07.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. HSBC cut their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Wedbush cut their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Susquehanna decreased their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Performance

The firm has a fifty day moving average of $30.88 and a 200 day moving average of $39.20. The stock has a market cap of $132.95 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 14.89 and a beta of 1.05. 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 announced 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). The firm had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, sell-side analysts forecast that Intel Co. will post 0.09 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly 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 currently owned by insiders.

Institutional Trading of Intel

A number of large investors have recently modified their holdings of the stock. New Millennium Group LLC grew its stake in Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares in the last quarter. Burkett Financial Services LLC purchased a new position in shares of Intel in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Intel in the 4th quarter valued at about $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the first quarter worth about $27,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth approximately $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.