Intel Co. (NASDAQ:INTC) VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the sale, the vice president now directly owns 6,472 shares in the company, valued at $301,336.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Intel Co. (NASDAQ:INTC) traded down $0.14 on Thursday, reaching $45.80. The company’s stock had a trading volume of 16,950,000 shares, compared to its average volume of 35,490,000. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The stock has a market capitalization of $213,790.00, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $50.85.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 earnings per share. equities research analysts forecast that Intel Co. will post 3.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.30 dividend. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. Intel’s dividend payout ratio is presently 38.34%.
Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC grew its position in shares of Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors grew its position in shares of Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Capital World Investors grew its position in shares of Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital International Investors purchased a new stake in shares of Intel during the third quarter worth about $339,563,000. Finally, Vanguard Group Inc. grew its position in shares of Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Institutional investors and hedge funds own 67.74% of the company’s stock.
A number of research analysts have recently issued reports on INTC shares. Citigroup started coverage on Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 price target on the stock. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price target on the stock. in a report on Tuesday, February 13th. B. Riley reaffirmed a “buy” rating and set a $55.00 price target on shares of Intel in a report on Friday, January 26th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $48.00 price target on shares of Intel in a report on Friday, January 26th. Finally, UBS Group set a $51.00 price target on Intel and gave the company a “buy” rating in a report on Monday, January 29th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.33.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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