Intel (NASDAQ:INTC) Shares Up 0.1%

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

Analysts Set New Price Targets

INTC has been the topic of several research reports. Morgan Stanley cut their target price on Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. HSBC dropped their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Susquehanna cut their price objective on Intel from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $39.58.

Intel Stock Performance

The company has a fifty day moving average of $30.95 and a 200 day moving average of $39.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market cap of $132.78 billion, a P/E ratio of 32.44, a PEG ratio of 14.76 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. On average, equities analysts predict that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Announces Dividend

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

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price 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 approximately $1,192,668.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Intel during the 4th quarter valued at about $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel in the 4th quarter valued at about $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter worth approximately $27,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds 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.