Intel (INTC) to Release Earnings on Thursday

Intel (NASDAQ:INTC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Intel has set its Q1 guidance at $0.13 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Intel (NASDAQ:INTC) last announced its earnings results 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 return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the business posted $0.10 EPS. Intel’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect Intel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Intel Stock Performance

Shares of Intel stock opened at $35.68 on Thursday. The business has a 50-day moving average of $42.18 and a 200 day moving average of $42.35. Intel has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market capitalization of $150.86 billion, a price-to-earnings ratio of 91.49, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction that occurred on 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 acquisition, 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 SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction that occurred on 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 acquisition, 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 SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now 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 owned by insiders.

Institutional Trading of Intel

Several hedge funds have recently added to or reduced their stakes in INTC. Cornerstone Planning Group LLC bought a new stake in Intel during the 2nd quarter valued at $25,000. Hanseatic Management Services Inc. acquired a new position in shares of Intel during the 4th quarter valued at $27,000. Milestone Investment Advisors LLC acquired a new position in shares of Intel during the 1st quarter valued at $32,000. Lumature Wealth Partners LLC increased its position in shares of Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 490 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of Intel during the 1st quarter valued at $42,000. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on INTC. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Evercore ISI initiated coverage on Intel in a research report on Tuesday. They set an “in-line” rating and a $40.00 price target on the stock. Finally, Truist Financial reaffirmed a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $42.62.

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.