Intel (NASDAQ:INTC) Shares Up 2.2%

Intel Co. (NASDAQ:INTC - Get Free Report) shares traded up 2.2% during trading on Monday . The company traded as high as $36.56 and last traded at $36.49. 12,182,930 shares traded hands during trading, a decline of 74% from the average session volume of 46,693,324 shares. The stock had previously closed at $35.69.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Cantor Fitzgerald reiterated a "neutral" rating and issued a $50.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Mizuho cut their target price on shares of Intel from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 26th. Wedbush reissued a "neutral" rating and issued a $40.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Intel has an average rating of "Hold" and an average price target of $42.69.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The stock's 50-day moving average is $42.58 and its 200 day moving average is $42.39. The firm has a market cap of $153.52 billion, a P/E ratio of 93.51, a PEG ratio of 3.16 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analysts' expectations of $15.16 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts predict that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The business 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. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, February 6th. Intel's payout ratio is presently 128.21%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Intel

A number of large investors have recently modified their holdings of INTC. Cantor Fitzgerald Investment Advisor L.P lifted its stake in Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker's stock valued at $26,761,000 after purchasing an additional 342,649 shares during the last quarter. Axiom Financial Strategies LLC lifted its stake in Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker's stock valued at $260,000 after purchasing an additional 1,056 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in Intel in the 1st quarter valued at about $142,000. Retirement Income Solutions Inc lifted its stake in Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker's stock valued at $314,000 after purchasing an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Intel by 26.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker's stock valued at $290,593,000 after purchasing an additional 1,244,247 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.