Intel (NASDAQ:INTC) Trading Up 2%

Intel Co. (NASDAQ:INTC - Get Free Report) shares rose 2% during trading on Wednesday . The stock traded as high as $35.18 and last traded at $34.95. Approximately 12,352,444 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 46,472,547 shares. The stock had previously closed at $34.28.

Wall Street Analyst Weigh In

INTC has been the subject of several recent analyst reports. Barclays increased their price target on Intel from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 16th. Bank of America cut their target price on Intel from $50.00 to $44.00 and set a "neutral" rating for the company in a research report on Friday, April 12th. Wells Fargo & Company lowered their price target on Intel from $48.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective on Intel from $39.00 to $48.00 and gave the company an "equal weight" rating in a report on Monday, January 29th. Finally, TD Cowen dropped their price target on shares of Intel from $45.00 to $42.00 and set a "market perform" rating on the stock in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $42.38.

Intel Stock Up 0.6 %

The business has a 50 day simple moving average of $41.29 and a 200 day simple moving average of $42.30. 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 stock has a market cap of $145.87 billion, a PE ratio of 88.46, a P/E/G ratio of 3.09 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analysts' expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. On average, equities research analysts forecast that Intel Co. will post 0.61 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. Intel's dividend payout ratio (DPR) is presently 128.21%.

Insider Activity

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

Institutional Trading of Intel

A number of hedge funds have recently bought and sold shares of INTC. New Millennium Group LLC grew its position in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after buying an additional 231 shares in the last quarter. Burkett Financial Services LLC acquired a new position in shares of Intel in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC acquired a new stake in Intel during the first quarter worth $27,000. Finally, Valued Wealth Advisors LLC bought a new stake in Intel in the 4th quarter valued at $36,000. 64.53% of the stock is owned by institutional investors.

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.