Intel (NASDAQ:INTC) Trading 0.6% Higher

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. Wells Fargo & Company decreased their target price on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Citigroup lowered their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. UBS Group increased their target price on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Evercore ISI started coverage on shares of Intel in a report on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 price target on the stock. Finally, Raymond James reduced their price objective on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.38.

Intel Trading Up 1.8 %

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

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. On average, equities research analysts expect that Intel Co. will post 0.61 EPS for the current year.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value 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 approximately $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of INTC. New Millennium Group LLC lifted its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Intel during the 4th quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Intel during the 4th quarter valued at $27,000. Tributary Capital Management LLC bought a new stake in Intel in the 1st quarter worth $27,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Intel in the third quarter valued at about $30,000. Institutional investors own 64.53% of the company’s stock.

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.