Intel Co. (NASDAQ:INTC) EVP Gregory M. Bryant sold 2,842 shares of Intel stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $57.83, for a total value of $164,352.86.
Shares of NASDAQ:INTC traded down $0.36 during trading on Tuesday, reaching $56.90. 35,133,864 shares of the company’s stock traded hands, compared to its average volume of 35,211,918. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. Intel Co. has a fifty-two week low of $43.61 and a fifty-two week high of $68.49. The company has a 50-day simple moving average of $63.29 and a 200-day simple moving average of $55.52. The firm has a market cap of $229.76 billion, a PE ratio of 11.16, a P/E/G ratio of 1.63 and a beta of 0.74.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, April 21st. The chip maker reported $1.39 EPS for the quarter, beating the consensus estimate of $1.15 by $0.24. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $17.97 billion. Intel had a return on equity of 29.44% and a net margin of 28.10%. Intel’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that Intel Co. will post 4.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be issued a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, May 6th. Intel’s payout ratio is 28.54%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Violich Capital Management Inc. increased its holdings in shares of Intel by 4.1% in the fourth quarter. Violich Capital Management Inc. now owns 180,000 shares of the chip maker’s stock valued at $8,968,000 after purchasing an additional 7,130 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Intel by 1.1% in the 4th quarter. Greenleaf Trust now owns 99,249 shares of the chip maker’s stock worth $4,945,000 after acquiring an additional 1,051 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Intel by 124.5% during the 1st quarter. International Assets Investment Management LLC now owns 62,365 shares of the chip maker’s stock worth $3,597,000 after purchasing an additional 34,584 shares during the period. Bouvel Investment Partners LLC acquired a new stake in Intel in the 4th quarter valued at approximately $1,958,000. Finally, M. Kulyk & Associates LLC purchased a new stake in Intel in the fourth quarter valued at approximately $3,104,000. Institutional investors and hedge funds own 63.25% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Needham & Company LLC dropped their price objective on Intel from $74.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, April 29th. Barclays lifted their price objective on shares of Intel from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 22nd. Roth Capital increased their target price on shares of Intel from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, March 30th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $40.00 price target on shares of Intel in a report on Tuesday, January 19th. Finally, Truist increased their price objective on Intel from $60.00 to $64.00 in a report on Friday, January 22nd. Twelve investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $63.59.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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