Intel (NASDAQ:INTC) Shares Up 2.2%

Intel Co. (NASDAQ:INTC)’s share price shot up 2.2% during trading on Monday . The stock traded as high as $36.56 and last traded at $36.49. 12,182,930 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 46,693,324 shares. The stock had previously closed at $35.69.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Susquehanna reissued a “neutral” rating and issued a $42.00 target price on shares of Intel in a research report on Thursday, April 4th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Wedbush reiterated a “neutral” rating and issued a $40.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Wells Fargo & Company reduced their price target on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Finally, Barclays lifted their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $42.69.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The business has a 50 day moving average price of $42.32 and a two-hundred day moving average price of $42.40. The company has a market cap of $153.31 billion, a P/E ratio of 92.98, a price-to-earnings-growth ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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 analyst estimates of $15.16 billion. During the same quarter in the previous year, the company posted $0.10 EPS. Intel’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Intel Co. will post 0.62 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. 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 purchased 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTC. Cantor Fitzgerald Investment Advisor L.P grew its stake in shares of Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock worth $26,761,000 after buying an additional 342,649 shares during the last quarter. Axiom Financial Strategies LLC grew its stake in shares of Intel by 21.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock worth $260,000 after buying an additional 1,056 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Intel in the 1st quarter worth approximately $142,000. Retirement Income Solutions Inc grew its stake in shares of Intel by 5.1% in the 1st quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock worth $314,000 after buying an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Intel by 26.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock worth $290,593,000 after buying an additional 1,244,247 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.