Patrick P. Gelsinger Buys 12,500 Shares of Intel Co. (NASDAQ:INTC) Stock

Intel Co. (NASDAQ:INTC) CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intel Stock Performance

Shares of INTC traded down $0.84 during trading hours on Wednesday, hitting $18.99. The company had a trading volume of 97,710,851 shares, compared to its average volume of 51,365,828. Intel Co. has a 12 month low of $18.95 and a 12 month high of $51.28. The firm has a market cap of $80.84 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 17.38 and a beta of 1.05. The business has a fifty day moving average of $30.92 and a 200-day moving average of $36.32. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share 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 business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. Susquehanna cut their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, April 26th. Finally, HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $32.92.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Waldron Private Wealth LLC raised its holdings in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares during the last quarter. Valley National Advisers Inc. increased its stake in Intel by 4.3% in the fourth quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock valued at $300,000 after purchasing an additional 246 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Intel by 1.1% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock worth $1,114,000 after buying an additional 247 shares during the period. Johnson Financial Group Inc. raised its position in shares of Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after purchasing an additional 247 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Intel by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,974 shares of the chip maker’s stock worth $250,000 after acquiring an additional 249 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Intel

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.