Intel Company, listed on the NASDAQ under the symbol INTC, saw its stock price increase by 0.8% during trading on Friday. The stock closed at $31.64 and traded at $31.49. Despite the increase, the trading volume was lower than average, with 6,971,676 shares changing hands compared to the average daily volume of 46,156,430 shares.
Wall Street analysts have varied opinions on Intel’s stock. Cantor Fitzgerald maintained a “neutral” rating with a price target of $50.00, while other analysts from JPMorgan Chase & Co., Bank of America, Evercore ISI, and Barclays adjusted their price targets and ratings for Intel. Overall, three analysts rated the stock as sell, twenty-three as hold, and five as buy. The consensus rating for Intel is currently “Hold” with an average price target of $39.58.
Intel’s market capitalization is $136.31 billion, with a price-to-earnings ratio of 33.35 and a beta of 1.05. The company reported a debt-to-equity ratio of 0.43, a quick ratio of 1.14, and a current ratio of 1.57. The 50-day moving average is $30.81, and the 200-day moving average is $38.99.
In its quarterly earnings report on April 25th, Intel posted earnings per share of ($0.06), missing the consensus estimate by ($0.03). The company had a net margin of 7.36% and return on equity of 2.19%. Revenue for the quarter was $12.72 billion, slightly below analysts’ expectations. Analysts predict earnings per share of $0.09 for the current fiscal year.
Intel also announced a quarterly dividend that was paid on June 1st. Shareholders received a dividend of $0.125, representing an annualized dividend of $0.50 and a yield of 1.56%. The company’s dividend payout ratio is 52.08%.
CEO Patrick P. Gelsinger made significant purchases of Intel’s stock, acquiring thousands of shares in recent transactions. Hedge funds have also made changes to their positions in the stock, with several increasing their holdings in Intel.
Intel Corporation operates globally, designing, developing, manufacturing, marketing, and selling computing and related products and services. The company operates through multiple segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services.
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