Intel (NASDAQ:INTC) Trading Up 0.7%

Intel Co. (NASDAQ:INTC)’s stock price shot up 0.7% on Thursday . The company traded as high as $30.39 and last traded at $30.22. 13,767,605 shares were traded during mid-day trading, a decline of 71% from the average session volume of 48,176,129 shares. The stock had previously closed at $30.00.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTC. Citigroup decreased their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Morgan Stanley dropped their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company lowered their price objective on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Evercore ISI dropped their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $39.62.

Intel Trading Up 0.3 %

The company’s 50-day moving average price is $39.12 and its 200-day moving average price is $42.05. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a market cap of $128.09 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 10.05 and a beta of 1.09.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.66%. Intel’s dividend payout ratio is presently 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction on Monday, April 29th. The stock was bought at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

A number of hedge funds have recently bought and sold shares of the stock. Trillium Asset Management LLC increased its position in shares of Intel by 28.5% in the 1st quarter. Trillium Asset Management LLC now owns 589,654 shares of the chip maker’s stock valued at $26,045,000 after purchasing an additional 130,796 shares during the last quarter. Private Portfolio Partners LLC grew its holdings in shares of Intel by 6.6% during the first quarter. Private Portfolio Partners LLC now owns 12,864 shares of the chip maker’s stock worth $568,000 after purchasing an additional 796 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Intel by 1.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 100,220 shares of the chip maker’s stock valued at $4,427,000 after purchasing an additional 1,900 shares during the last quarter. Wilkins Investment Counsel Inc. grew its stake in Intel by 48.2% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 522,915 shares of the chip maker’s stock worth $23,097,000 after buying an additional 170,139 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its position in Intel by 1.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock valued at $1,907,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds 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.