Intel Co. (NASDAQ:INTC) saw a 0.4% increase in its stock price on Wednesday, reaching a high of $32.07 and closing at $31.88. Trading volume was lower than average at 6,618,245 shares. The stock had previously closed at $31.74.
Several analysts have issued ratings for INTC, with price target adjustments and ratings such as “neutral” and “hold.” The consensus rating for Intel is “Hold,” with an average price target of $39.58.
Intel’s market capitalization is $134.05 billion, with a PE ratio of 33.21. The company has a debt-equity ratio of 0.43, a current ratio of 1.57, and a quick ratio of 1.14. The stock’s 50-day and 200-day moving averages are $36.48 and $41.74, respectively.
The recent quarterly earnings report revealed a loss per share of ($0.06), below analysts’ expectations. Revenue for the quarter was $12.72 billion, slightly lower than estimates. Intel is expected to post earnings of $0.09 per share for the current year.
Intel announced a quarterly dividend to be paid on June 1, with an annualized dividend of $0.50 and a yield of 1.59%. CEO Patrick Gelsinger has made several stock purchases recently, acquiring thousands of shares.
Institutional investors have also adjusted their holdings in Intel, with some increasing their stake in the company. Major investors now hold 64.53% of the company’s shares.
Intel Corporation operates globally, designing, developing, and selling computing and related products and services. The company’s product portfolio includes CPUs, chipsets, SoCs, desktop processors, hardware products, memory and storage, and other semiconductor products.
Overall, Intel’s stock performance has been mixed, with analysts offering a range of ratings and price targets. The company’s financials and leadership changes indicate a complex period for the tech giant, with investors and analysts closely monitoring developments.
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