Intel (NASDAQ:INTC) Stock Price Up 2.2%

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Raymond James reduced their price target on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Bank of America reduced their target price on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Citigroup lowered their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.69.

Intel Stock Down 0.1 %

The stock has a market cap of $153.31 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $42.32 and a 200 day moving average of $42.40.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, equities research analysts anticipate that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated 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 owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on 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 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. 0.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the company. CVA Family Office LLC raised its holdings in Intel by 14.0% during the third quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock worth $234,000 after purchasing an additional 808 shares in the last quarter. Altus Wealth Group LLC lifted its holdings in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares during the period. Alera Investment Advisors LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $201,000. Vanguard Capital Wealth Advisors grew its holdings in Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after acquiring an additional 574 shares during the period. Finally, Waverly Advisors LLC raised its position in Intel by 14.9% in the third quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock worth $2,021,000 after acquiring an additional 7,362 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.