2 weeks Ago By ABMN Staff
Intel Co. ( NASDAQ:INTC – Get Free Report ) was the target of unusually large options trading on Friday. Stock traders bought 577,123 call options on the stock.
This is an increase of 70% compared to the typical daily volume of 339,464 call options. Intel Price Performance Shares of Intel stock opened at $22.04 on Friday.
The stock has a 50 day moving average of $27.24 and a 200 day moving average of $33.41.
Intel has a 12 month low of $18.84 and a 12 month high of $51.28.
The firm has a market cap of $93.82 billion, a PE ratio of 22.96, a PEG ratio of 17.
38 and a beta of 1.05. The company has a current ratio of 1.
57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.
Intel ( NASDAQ:INTC – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.
10 by ($0.08). Intel had a net margin of 1.
77% and a return on equity of 1.82%. The firm had revenue of $12.
80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the previous year, the company posted ($0.
05) earnings per share. Intel’s quarterly revenue was down .8% on a year-over-year basis.
On average, research analysts expect that Intel will post 0.07 EPS for the current fiscal year. Intel Announces Dividend Analyst Ratings Changes A number of research analysts have recently issued reports on the company.
Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd.
Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd.
Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Mizuho cut Intel from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $22.
00 in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald reduced their price objective on Intel from $40.00 to $27.
00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $32.
04. Check Out Our Latest Research Report on Intel Insiders Place Their Bets In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction dated Monday, August 5th.
The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00.
Following the completion of the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Corporate insiders own 0.
04% of the company’s stock. Hedge Funds Weigh In On Intel A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC.
purchased a new stake in shares of Intel in the fourth quarter worth approximately $297,000. DDFG Inc purchased a new stake in shares of Intel in the fourth quarter worth approximately $205,000. Cary Street Partners Asset Management LLC raised its holdings in shares of Intel by 3.
8% in the fourth quarter. Cary Street Partners Asset Management LLC now owns 11,329 shares of the chip maker’s stock worth $569,000 after buying an additional 413 shares during the period. Howe & Rusling Inc.
raised its holdings in shares of Intel by 1.8% in the fourth quarter. Howe & Rusling Inc.
now owns 29,402 shares of the chip maker’s stock worth $1,477,000 after buying an additional 531 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of Intel by 0.6% in the fourth quarter.
Wilbanks Smith & Thomas Asset Management LLC now owns 68,431 shares of the chip maker’s stock worth $3,439,000 after buying an additional 390 shares during the period. 64.53% of the stock is owned by institutional investors.
About Intel ( Get Free Report ) Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
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