Intel (NASDAQ:INTC) shares rose 1.1%

Shares of Intel Co. (NASDAQ:INTC – Get Free Report ) traded up 1.1% on Wednesday. The company traded as high as $23.07 and last traded at $22.94. 13,576,007 shares were traded mid-day, down 77% from the session’s average volume of 59,161,875 shares. Shares previously closed at $22.69.

The Wall Street analyst weighs in

A number of research analysts have recently commented on the stock. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, August 2nd. Wedbush cut their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Finally, UBS Group decreased their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six research 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, the stock has an average rating of “Hold” and an average target price of $32.04.

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Intel trading down 0.1%

The stock has a market cap of $96.51 billion, a price-to-earnings ratio of 23.90 and a beta of 1.03. The company has a fifty day simple moving average of $22.18 and a 200 day simple moving average of $29.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24, and a current ratio of 1.59.

Intel (NASDAQ:INTC – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s revenue fell 0.8% year over year. In the same quarter last year, the firm earned ($0.05) EPS. As a group, research analysts expect Intel Co. to record -0.47 EPS for the current year.

Intel announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a dividend of $0.50 on an annualized basis and a yield of 2.21%. The ex-dividend date was Wednesday, August 7. Intel’s dividend payout ratio is currently 52.08%.

Indoor activity

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

Intel Institutional Trading

Hedge funds have recently made changes to their positions in the company. Adirondack Trust Co. raised its position in Intel by 0.5% in the first quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock valued at $2,287,000 after purchasing an additional 278 shares in the last quarter. Abacus Wealth Partners LLC boosted its stake in Intel by 6.7% in the first quarter. Abacus Wealth Partners LLC now owns 4,542 shares of the chip maker’s stock valued at $201,000 after acquiring an additional 286 shares during the last quarter. First Affirmative Financial Network boosted its stake in Intel by 1.8% in the first quarter. First Affirmative Financial Network now owns 16,608 shares of the chip maker’s stock valued at $734,000 after buying an additional 299 shares during the period. VERITY Wealth Advisors boosted its holdings in Intel by 3.8% in the first quarter. VERITY Wealth Advisors now owns 8,448 shares of the chip maker’s stock valued at $373,000 after purchasing an additional 312 shares during the last quarter. Finally, Mechanics Bank Trust Department boosted its holdings in shares of Intel by 0.8% in the first quarter. Trust Mechanics Bank Department now owns 38,540 shares of the chip maker’s stock valued at $1,702,000 after purchasing an additional 320 shares during the last quarter. 64.53% of shares are currently owned by institutional investors.

Intel Company Profile

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Intel Corporation designs, develops, manufactures, markets and sells computers and related products and services worldwide. It operates through the Client Computing Group, Data Center and AI, Network and Edge, Mobileye and Intel Foundry Services segments. The company’s product portfolio includes central processing units and chipsets, system-on-chips (SoCs) and multi-chip packages; mobile and desktop processors; hardware products including graphics processing units (GPUs), domain-specific accelerators and field-programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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