Intel’s Stock (NASDAQ:INTC) Rises by 0.8% in Trading

Spread the love


Intel Co. Stock (NASDAQ: INTC) experienced a 0.8% surge in midday trading on Thursday, reaching a high of $31.01 and closing at $30.88. The trading volume was 8,641,311 shares, significantly lower than the average volume of 46,680,898 shares. Wall Street analysts have provided mixed reports on Intel, with price targets ranging from $35 to $45. Three analysts rated the stock as a sell, twenty-three as hold, and five as buy, resulting in a consensus rating of “Hold” and an average price target of $39.58.

Intel’s market capitalization stands at $132.35 billion, with a price-to-earnings ratio of 32.39 and a beta of 1.06. The company’s financials include a 50-day moving average of $31.57, a two-hundred-day moving average of $39.94, a current ratio of 1.57, a quick ratio of 1.14, and a debt-to-equity ratio of 0.43. In its recent quarterly earnings report on April 25th, Intel reported earnings per share of ($0.06), lower than analysts’ estimates of ($0.03), with revenue of $12.72 billion.

Additionally, Intel announced a quarterly dividend with a payment date of June 1, offering a dividend yield of 1.61%. CEO Patrick Gelsinger made several significant purchases of Intel shares in May, acquiring a total of 12,200 shares valued at over $370,000. Institutional investors also showed interest in Intel, with Keynote Financial Services, Cypress Asset Management, DekaBank Deutsche Girozentrale, Cacti Asset Management, and Pathway Financial Advisers making significant changes to their holdings in the company.

Intel Corporation operates globally, designing, developing, and selling computing and related products and services. The company’s product portfolio includes central processing units, chipsets, processors, hardware products, memory and storage solutions, connectivity and networking products, and other semiconductor components. Intel’s business segments include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services.

To stay updated on the latest news and ratings for Intel, readers can subscribe to MarketBeat.com’s daily email newsletter for free.

Article Source
https://www.defenseworld.net/2024/06/22/intel-nasdaqintc-trading-0-8-higher.html