Intel (NASDAQ:INTC) Stock Price Up 1.6%

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price rose 1.6% during trading on Monday . The company traded as high as $32.36 and last traded at $32.33. Approximately 8,187,426 shares changed hands during trading, a decline of 83% from the average daily volume of 47,872,238 shares. The stock had previously closed at $31.83.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INTC. Evercore ISI dropped their price target on shares of Intel from $40.00 to $36.00 and set an "in-line" rating for the company in a research report on Friday, April 26th. Wolfe Research upgraded Intel from an "underperform" rating to a "peer perform" rating in a research report on Thursday. Bank of America lowered their price target on Intel from $50.00 to $44.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. Roth Mkm cut their price objective on Intel from $45.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 26th. Finally, Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a "neutral" rating on the stock in a report on Monday, April 15th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $39.58.

Intel Trading Up 0.8 %

The company's fifty day simple moving average is $37.00 and its two-hundred day simple moving average is $41.82. The company has a market capitalization of $136.65 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 10.43 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. Research analysts forecast that Intel Co. will post 0.13 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.56%. Intel's dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the company's stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. 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 institutional investors have recently bought and sold shares of INTC. Wahed Invest LLC lifted its stake in shares of Intel by 10.3% during the 1st quarter. Wahed Invest LLC now owns 79,211 shares of the chip maker's stock worth $3,499,000 after buying an additional 7,412 shares during the last quarter. Rokos Capital Management LLP bought a new position in Intel in the 1st quarter valued at about $100,433,000. Advisory Resource Group lifted its position in Intel by 5.4% during the first quarter. Advisory Resource Group now owns 14,260 shares of the chip maker's stock worth $630,000 after acquiring an additional 734 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Intel during the first quarter worth approximately $201,000. Finally, Plato Investment Management Ltd boosted its stake in Intel by 1,256.2% in the 1st quarter. Plato Investment Management Ltd now owns 84,301 shares of the chip maker's stock valued at $3,724,000 after purchasing an additional 78,085 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

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.