Intel Co. (NASDAQ: INTC) saw a 0.8% increase in its share price during trading on Tuesday, reaching a high of $30.83. The stock closed at $30.82 with 7,147,830 shares traded, which is a significant decrease from the average daily volume. Wall Street analysts have been forecasting growth for INTC, with various price targets and ratings given by different firms. Intel reported earnings with a net margin of 7.36% and a return on equity of 2.19%. The company also announced a quarterly dividend and CEO Patrick Gelsinger made several stock purchases. Hedge funds and institutional investors have also made changes to their positions in INTC.
INTC has a market capitalization of $130.01 billion with a P/E ratio of 31.81 and a beta of 1.06. The stock has a fifty-day moving average of $31.34 and a 200-day moving average of $39.75. The company’s debt-equity ratio is 0.43 with a current ratio of 1.57 and a quick ratio of 1.14. According to analysts, Intel is expected to post 0.09 EPS for the current fiscal year.
Intel Corporation is a global company that designs, develops, and sells computing and related products and services. It operates through various segments including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company’s product portfolio includes CPUs, chipsets, SoCs, GPUs, FPGAs, and other semiconductor products.
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