Intel (NASDAQ:INTC) Stock Price Up 1.3%

Intel Co. (NASDAQ:INTC)’s share price shot up 1.3% during trading on Wednesday . The company traded as high as $21.39 and last traded at $21.26. 15,082,166 shares were traded during trading, a decline of 71% from the average session volume of 52,282,617 shares. The stock had previously closed at $20.99.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INTC. Evercore ISI cut their target price on Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Morgan Stanley cut their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Sanford C. Bernstein decreased their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Finally, Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $32.04.

Intel Stock Up 2.2 %

The company has a market capitalization of $87.44 billion, a P/E ratio of 21.26, a P/E/G ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a 50-day moving average price of $28.48 and a 200-day moving average price of $34.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. On average, research analysts predict that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Burkett Financial Services LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Intel in the 4th quarter worth $27,000. Tributary Capital Management LLC purchased a new stake in Intel during the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in Intel during the 4th quarter valued at about $37,000. Finally, Bare Financial Services Inc acquired a new position in Intel in the 4th quarter worth approximately $39,000. 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.