Intel Corporation (NASDAQ:INTC) shares traded -2.13% lower at $33.15 on Wall Street last session.
In accordance with the data, 41 analysts cover Intel Corporation (NASDAQ:INTC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $17.00, we find $32.00. Given the previous closing price of $33.87, this indicates a potential downside of -5.52 percent. INTC stock price is now 4.73% away from the 50-day moving average and 13.34% away from the 200-day moving average. The market capitalization of the company currently stands at $141.27B.
It has been rated a hold by 27 analysts and a buy by 6. Brokers who have rated the stock have averaged $33.02 as their price target over the next twelve months.
With the price target enhanced from $31 to $38, Morgan Stanley maintained Equal-Weight rating for Intel Corporation (NASDAQ: INTC).
In other news, INTEL CORP, 10% Owner sold 38,500,000 shares of the company’s stock on Jun 12. The stock was sold for $1,572,532,500 at an average price of $40.84. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01, CEO GELSINGER PATRICK P bought 8,200 shares of the business’s stock. A total of $249,324 was incurred on buying the stock at an average price of $30.41. This leaves the insider owning 138,265 shares of the company worth $4.58 million. Insiders disposed of 244,790 shares of company stock worth roughly $8.11 million over the past 1 year. A total of 0.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INTC stock. A new stake in Intel Corporation shares was purchased by CAPITAL RESEARCH GLOBAL INVESTORS during the first quarter worth $1,789,127,000. POINT72 ASSET MANAGEMENT, L.P. invested $345,006,000 in shares of INTC during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Intel Corporation valued at approximately $177,862,000. EMPOWER ADVISORY GROUP, LLC acquired a new stake in INTC for approximately $60,714,000. ALTA PARK CAPITAL, LP purchased a new stake in INTC valued at around $44,915,000 in the second quarter. In total, there are 3,181 active investors with 62.50% ownership of the company’s stock.
Intel Corporation (NASDAQ: INTC) opened at $33.78 on Friday. During the past 12 months, Intel Corporation has had a low of $24.59 and a high of $40.73. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.80, and a quick ratio of 1.30. The fifty day moving average price for INTC is $31.72 and a two-hundred day moving average price translates $29.28 for the stock.
The latest earnings results from Intel Corporation (NASDAQ: INTC) was released for Mar, 2023. According to the Semiconductors Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.15 by 0.11. This compares to $1.98 EPS in the same period last year. The net profit margin was -5.10% and return on equity was -2.90% for INTC. The company reported revenue of $11.71 billion for the quarter, compared to $18.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -36.17 percent. For the current quarter, analysts expect INTC to generate $12.08B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/07/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 1.51% percent yield. There was an ex-dividend date of 05/04/2023 for this dividend. In terms of dividend payout ratio, INTC is presently at 74.83%.
Intel Corporation(INTC) Company Profile
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products. It also provides high-performance compute solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets; and solutions for assisted and autonomous driving comprising compute platforms, computer vision and machine learning-based sensing, mapping and localization, driving policy, and active sensors. In addition, the company offers workload-optimized platforms and related products for cloud service providers, enterprise and government, and communications service providers. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other equipment manufacturers. The company was incorporated in 1968 and is headquartered in Santa Clara, California.
