Intel (NASDAQ:INTC) Stock Price Up 1.6%

Intel Co. (NASDAQ:INTC)’s share price shot up 1.6% during trading on Friday . The stock traded as high as $19.80 and last traded at $19.67. Approximately 10,192,477 shares traded hands during trading, a decline of 81% from the average session volume of 54,358,551 shares. The stock had previously closed at $19.36.

Analysts Set New Price Targets

Several research analysts recently weighed in on INTC shares. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Finally, Truist Financial reduced their price objective on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $32.04.

Intel Stock Performance

The firm has a 50 day moving average price of $25.22 and a 200-day moving average price of $31.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market cap of $83.85 billion, a P/E ratio of 20.49 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. On average, research analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the fourth quarter valued at about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at about $27,000. Finally, Cyrus J. Lawrence LLC bought a new stake in Intel in the second quarter valued at $27,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.