Intel (NASDAQ:INTC) Trading Up 0.6%

Intel Co. (NASDAQ:INTC)’s share price rose 0.6% during trading on Friday . The company traded as high as $24.66 and last traded at $24.06. Approximately 29,512,879 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 58,927,773 shares. The stock had previously closed at $23.92.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTC shares. Benchmark restated a “hold” rating on shares of Intel in a report on Monday. Roth Mkm cut their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Susquehanna cut their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.04.

Intel Stock Up 0.0 %

The business has a fifty day simple moving average of $22.76 and a 200 day simple moving average of $30.39. The firm has a market cap of $101.87 billion, a price-to-earnings ratio of 25.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the company earned ($0.05) EPS. Intel’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.09%. Intel’s payout ratio is 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. America First Investment Advisors LLC acquired a new position in shares of Intel during the 2nd quarter worth about $25,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the 4th quarter worth about $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the 1st quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter worth about $27,000. Finally, Spartan Fund Management Inc. purchased a new stake in shares of Intel in the 2nd quarter valued at about $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.