Intel (NASDAQ:INTC) Stock Price Up 0.6%

Intel Co. (NASDAQ:INTC)’s stock price rose 0.6% during mid-day trading on Thursday . The company traded as high as $34.97 and last traded at $34.72. Approximately 12,322,298 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 46,558,297 shares. The stock had previously closed at $34.50.

Analyst Ratings Changes

A number of equities research analysts recently commented on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $40.00 target price on shares of Intel in a research note on Wednesday, April 17th. Barclays lifted their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Evercore ISI started coverage on shares of Intel in a research note on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price target on the stock. Finally, Raymond James decreased their price target on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Four 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.38.

Intel Price Performance

The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $41.29 and a 200 day simple moving average of $42.30. The stock has a market cap of $148.45 billion, a P/E ratio of 89.03, a PEG ratio of 3.08 and a beta of 1.00.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ulland Investment Advisors LLC boosted its position in Intel by 901.9% during the first quarter. Ulland Investment Advisors LLC now owns 1,583 shares of the chip maker’s stock worth $70,000 after purchasing an additional 1,425 shares during the period. Strategy Asset Managers LLC acquired a new stake in shares of Intel during the 1st quarter worth about $513,000. Equitable Trust Co. boosted its holdings in shares of Intel by 11.1% during the 1st quarter. Equitable Trust Co. now owns 25,114 shares of the chip maker’s stock worth $1,109,000 after buying an additional 2,500 shares during the period. Schnieders Capital Management LLC grew its stake in Intel by 3.2% in the 1st quarter. Schnieders Capital Management LLC now owns 72,351 shares of the chip maker’s stock valued at $3,196,000 after buying an additional 2,211 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas raised its holdings in Intel by 18.4% in the 1st quarter. Smith Chas P & Associates PA Cpas now owns 6,991 shares of the chip maker’s stock valued at $309,000 after acquiring an additional 1,086 shares during the period. 64.53% of the stock is currently owned by institutional investors.

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.