Intel (NASDAQ:INTC) Stock Price Up 1.5%

Intel Co. (NASDAQ:INTC)’s stock price was up 1.5% during mid-day trading on Thursday . The company traded as high as $44.60 and last traded at $44.41. Approximately 14,224,951 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 44,682,094 shares. The stock had previously closed at $43.77.

Wall Street Analyst Weigh In

Several research firms have issued reports on INTC. Susquehanna raised their price target on shares of Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Raymond James lowered their target price on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Morgan Stanley increased their price target on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company cut their target price on shares of Intel from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Finally, Mizuho cut their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.48.

Intel Trading Up 0.9 %

The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $43.98 and its two-hundred day moving average price is $42.01. The stock has a market capitalization of $186.75 billion, a P/E ratio of 113.87, a price-to-earnings-growth ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post 0.64 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is 128.21%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. HighPoint Advisor Group LLC acquired a new stake in Intel during the 4th quarter worth $4,180,000. Quadrature Capital Ltd acquired a new stake in Intel in the fourth quarter valued at $24,011,000. Livelsberger Financial Advisory acquired a new stake in shares of Intel in the fourth quarter valued at approximately $153,000. Ariston Services Group purchased a new stake in Intel during the 4th quarter worth about $514,000. Finally, Accent Capital Management LLC acquired a new position in Intel in the 4th quarter valued at $106,000. 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.