Intel (NASDAQ:INTC) Trading 0% Higher

Intel Co. (NASDAQ:INTC)’s stock price was up 0% during mid-day trading on Tuesday . The company traded as high as $42.27 and last traded at $41.84. Approximately 9,734,640 shares were traded during trading, a decline of 78% from the average daily volume of 44,603,840 shares. The stock had previously closed at $41.83.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INTC. Mizuho dropped their price objective on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. HSBC dropped their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, January 26th. The Goldman Sachs Group boosted their price objective on shares of Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $40.00 target price on shares of Intel in a report on Friday, February 16th. Finally, Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $32.00 to $50.00 in a research note on Friday, December 15th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.48.

Intel Stock Performance

The firm’s 50 day simple moving average is $43.98 and its 200 day simple moving average is $42.01. The firm has a market cap of $185.06 billion, a PE ratio of 112.23, a PEG ratio of 4.38 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, research analysts forecast that Intel Co. will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Buying and Selling at Intel

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

Institutional Trading of Intel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% in 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 during the period. Cornerstone Planning Group LLC bought a new position in Intel in the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new position in Intel in the 4th quarter worth about $27,000. Burkett Financial Services LLC purchased a new stake in Intel in the 4th quarter valued at about $27,000. Finally, Hanseatic Management Services Inc. purchased a new stake in Intel in the 4th quarter valued at about $27,000. 64.53% of the stock is 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.