Intel Co. (NASDAQ:INTC) CEO Robert Holmes Swan purchased 5,117 shares of the stock in a transaction on Thursday, November 29th. The stock was bought at an average price of $48.30 per share, for a total transaction of $247,151.10. Following the completion of the transaction, the chief executive officer now directly owns 131,839 shares of the company’s stock, valued at $6,367,823.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Intel stock opened at $47.75 on Thursday. The stock has a market capitalization of $223.39 billion, a P/E ratio of 13.80, a PEG ratio of 1.25 and a beta of 0.91. Intel Co. has a 12-month low of $42.04 and a 12-month high of $57.60. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.25. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. As a group, equities analysts predict that Intel Co. will post 4.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Tuesday, November 6th. Intel’s dividend payout ratio is 34.68%.
Intel declared that its board has initiated a stock repurchase plan on Thursday, November 15th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the chip maker to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of INTC. Belpointe Asset Management LLC lifted its stake in Intel by 27.9% in the third quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock valued at $1,350,000 after buying an additional 6,225 shares during the period. Vanguard Group Inc. lifted its stake in Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after buying an additional 2,892,357 shares during the period. Dodge & Cox acquired a new position in Intel in the third quarter valued at about $236,000. WealthPLAN Partners LLC lifted its stake in Intel by 3.4% in the third quarter. WealthPLAN Partners LLC now owns 118,285 shares of the chip maker’s stock valued at $5,605,000 after buying an additional 3,940 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Intel in the third quarter valued at about $497,000. Institutional investors and hedge funds own 64.42% of the company’s stock.
Several brokerages have recently commented on INTC. BNP Paribas set a $53.00 target price on Intel and gave the stock a “neutral” rating in a report on Tuesday. Northland Securities cut Intel from a “market perform” rating to an “under perform” rating in a report on Tuesday. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Thursday, November 29th. Finally, UBS Group cut Intel from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.60.
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Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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