Intel Company, listed on NASDAQ as INTC, experienced an increase in options trading on Monday, with traders purchasing 400,421 call options, a 49% increase from the typical volume. The stock opened at $33.99 on Tuesday, with a market capitalization of $144.7 billion and a price-to-earnings ratio of 35.41. Intel reported earnings per share of ($0.06) for the most recent quarter, falling short of the consensus estimate. The company’s revenue for the quarter was $12.72 billion.
In terms of dividends, Intel recently paid a quarterly dividend of $0.125 per share, with a yield of 1.47%. Analysts have set new price targets for Intel stock, with some lowering their ratings and price targets. The CEO of Intel, Patrick P. Gelsinger, purchased shares of the company multiple times in recent transactions.
Institutional investors have also made moves with Intel shares, with some increasing their holdings while others have bought new positions. Intel Corporation designs, develops, and sells computing and related products and services globally, operating through various segments such as Client Computing Group, Data Center and AI, and more.
Overall, Intel is facing mixed reactions from analysts, with a consensus rating of “Hold” and an average price target of $39.58. The stock is owned by a significant number of hedge funds and institutional investors.
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