Intel (NASDAQ:INTC) Trading Up 1.2%

Intel Co. (NASDAQ:INTC) shares rose 1.2% during trading on Thursday . The company traded as high as $19.90 and last traded at $19.67. Approximately 19,827,584 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 53,957,984 shares. The stock had previously closed at $19.43.

Analysts Set New Price Targets

Several research firms have weighed in on INTC. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Truist Financial cut their price target on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Finally, TD Cowen reduced their price target on shares of Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $32.04.

Intel Price Performance

The business has a fifty day moving average of $26.17 and a 200 day moving average of $32.59. The firm has a market cap of $80.41 billion, a P/E ratio of 19.68 and a beta of 1.05. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post -0.46 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. DDFG Inc bought a new position in shares of Intel during the fourth quarter worth approximately $205,000. Gryphon Financial Partners LLC increased its stake in Intel by 8.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after acquiring an additional 1,601 shares during the period. Berger Financial Group Inc raised its holdings in Intel by 13.2% in the 4th quarter. Berger Financial Group Inc now owns 16,324 shares of the chip maker’s stock valued at $820,000 after acquiring an additional 1,903 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of Intel during the 4th quarter valued at $249,000. Finally, Great Diamond Partners LLC grew its holdings in shares of Intel by 49.5% during the 4th quarter. Great Diamond Partners LLC now owns 11,395 shares of the chip maker’s stock worth $573,000 after purchasing an additional 3,773 shares in the last quarter. 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.