Intel Co. (NASDAQ:INTC) VP Kevin Thomas Mcbride sold 686 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the sale, the vice president now directly owns 6,472 shares in the company, valued at $301,336.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Intel Co. (NASDAQ:INTC) traded up $1.93 during trading on Friday, reaching $47.73. The company had a trading volume of 25,717,454 shares, compared to its average volume of 38,163,563. Intel Co. has a 52-week low of $33.23 and a 52-week high of $50.85. The stock has a market capitalization of $222,800.00, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. equities analysts predict that Intel Co. will post 3.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. Intel’s dividend payout ratio (DPR) is presently 38.34%.
Several analysts recently commented on the company. KeyCorp reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel in a report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Intel in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $45.00 target price on shares of Intel in a report on Friday, October 27th. Morningstar set a $41.00 target price on Intel and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, Morgan Stanley raised their target price on Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $49.33.
Institutional investors have recently made changes to their positions in the stock. YHB Investment Advisors Inc. increased its stake in Intel by 16.2% during the second quarter. YHB Investment Advisors Inc. now owns 45,592 shares of the chip maker’s stock worth $1,538,000 after acquiring an additional 6,372 shares during the last quarter. United Bank increased its stake in Intel by 108.0% during the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after acquiring an additional 22,765 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Intel by 5.9% during the second quarter. Stratos Wealth Partners LTD. now owns 211,543 shares of the chip maker’s stock worth $7,137,000 after acquiring an additional 11,819 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in Intel by 10.5% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 285,024 shares of the chip maker’s stock worth $9,617,000 after acquiring an additional 27,085 shares during the last quarter. Finally, Smithfield Trust Co. increased its stake in Intel by 0.3% during the second quarter. Smithfield Trust Co. now owns 67,501 shares of the chip maker’s stock worth $2,277,000 after acquiring an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 67.74% of the company’s stock.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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