Intel (NASDAQ:INTC) Trading 1.5% Higher – Should You Buy?

Intel Co. (NASDAQ:INTC)’s share price was up 1.5% on Friday . The stock traded as high as $22.82 and last traded at $22.78. Approximately 8,669,745 shares traded hands during trading, a decline of 85% from the average daily volume of 58,678,047 shares. The stock had previously closed at $22.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on INTC shares. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. HSBC cut Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, August 2nd. Six equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.92.

Intel Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $96.38 billion, a price-to-earnings ratio of 23.73 and a beta of 1.03. The company’s 50 day moving average is $21.34 and its 200-day moving average is $28.29.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter last year, the company posted ($0.05) EPS. The firm’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

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

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 made changes to their positions in the business. NBC Securities Inc. raised its stake in Intel by 2.6% in the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after purchasing an additional 418 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Intel by 12.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 12,753 shares of the chip maker’s stock valued at $563,000 after buying an additional 1,408 shares in the last quarter. Perpetual Ltd lifted its holdings in shares of Intel by 157.7% during the 1st quarter. Perpetual Ltd now owns 53,089 shares of the chip maker’s stock worth $2,345,000 after acquiring an additional 32,490 shares during the period. Wedmont Private Capital boosted its position in shares of Intel by 10.4% during the 1st quarter. Wedmont Private Capital now owns 27,881 shares of the chip maker’s stock worth $1,232,000 after acquiring an additional 2,626 shares in the last quarter. Finally, First Affirmative Financial Network increased 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 acquiring an additional 299 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.