Intel (NASDAQ:INTC) Shares Up 3.2%

Intel Co. (NASDAQ:INTC) shares traded up 3.2% during mid-day trading on Wednesday . The company traded as high as $43.50 and last traded at $43.33. 12,604,458 shares were traded during trading, a decline of 72% from the average session volume of 44,555,152 shares. The stock had previously closed at $41.99.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Intel from $47.00 to $45.00 and set a “hold” rating for the company in a report on Friday, January 26th. TD Cowen lowered their target price on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Barclays raised their price target on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $32.00 to $50.00 in a research note on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.48.

Intel Stock Performance

The stock has a 50-day simple moving average of $43.94 and a 200 day simple moving average of $42.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The company has a market capitalization of $186.75 billion, a PE ratio of 113.26, a P/E/G ratio of 4.56 and a beta of 1.00.

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

Intel Dividend Announcement

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

Insider Activity at Intel

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

Institutional Trading of Intel

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Cornerstone Planning Group LLC acquired a new stake in shares of Intel during the 2nd quarter worth approximately $25,000. New Millennium Group LLC raised its position in shares of 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 during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds 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.