In yesterday’s Wall Street session, Intel Corp. (NASDAQ:INTC) shares traded at $33.85, down -3.06% from the previous session.
As of this writing, 43 analysts cover Intel Corp. (NASDAQ:INTC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $56.00 and a low of $17.00, we find $36.50. Given the previous closing price of $34.92, this indicates a potential upside of 4.52 percent. INTC stock price is now -4.83% away from the 50-day moving average and 6.06% away from the 200-day moving average. The market capitalization of the company currently stands at $141.76B.
There are 28 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $36.53 as their price target over the next twelve months.
With the price target enhanced from $27 to $31, Wolfe Research maintained Underperform rating for Intel Corp. (NASDAQ: INTC).
In other news, Holthaus Michelle Johnston, EVP & GM, CCG sold 1 shares of the company’s stock on Aug 21. The stock was sold for $32 at an average price of $32.41. Upon completion of the transaction, the EVP & GM, CCG now directly owns 193,955 shares in the company, valued at $6.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, CEO GELSINGER PATRICK P bought 3,850 shares of the business’s stock. A total of $133,343 was incurred on buying the stock at an average price of $34.63. This leaves the insider owning 105,495 shares of the company worth $3.57 million. Insiders disposed of 255,739 shares of company stock worth roughly $8.66 million over the past 1 year. A total of 0.05% 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 Corp. shares was purchased by PARNASSUS INVESTMENTS, LLC during the first quarter worth $634,255,000. APPALOOSA LP invested $229,334,000 in shares of INTC during the first quarter. In the first quarter, CONTRARIUS INVESTMENT MANAGEMENT LTD acquired a new stake in Intel Corp. valued at approximately $61,578,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in INTC for approximately $58,932,000. SCULPTOR CAPITAL LP purchased a new stake in INTC valued at around $53,686,000 in the second quarter. In total, there are 3,119 active investors with 63.59% ownership of the company’s stock.
Monday morning saw Intel Corp. (NASDAQ: INTC) opened at $34.60. During the past 12 months, Intel Corp. has had a low of $24.73 and a high of $40.07. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.60, and a quick ratio of 1.15. The fifty day moving average price for INTC is $35.55 and a two-hundred day moving average price translates $31.95 for the stock.
The latest earnings results from Intel Corp. (NASDAQ: INTC) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $0.13, beating analysts’ expectations of -$0.03 by 0.16. This compares to -$0.11 EPS in the same period last year. The net profit margin was -1.71% and return on equity was -0.91% for INTC. The company reported revenue of $12.95 billion for the quarter, compared to $15.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.48 percent. For the current quarter, analysts expect INTC to generate $12.74B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/07/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.67 dividend and a 1.97% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, INTC is presently at 75.08%.
Intel Corp.(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 computer 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 has a strategic partnership with Synopsys, Inc. to develop EDA and IP solutions and a collaboration with Red Hat to. deliver open source industrial automation to the manufacturing shop floor. The company The company was incorporated in 1968 and is headquartered in Santa Clara, California.
