Intel (NASDAQ:INTC) Shares Down 1.4%

Shares of Intel Co. (NASDAQ:INTCGet Free Report) dropped 1.4% during trading on Thursday . The stock traded as low as $30.16 and last traded at $30.34. Approximately 9,741,609 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 47,657,520 shares. The stock had previously closed at $30.78.

Analyst Ratings Changes

A number of analysts recently commented on INTC shares. Sanford C. Bernstein decreased their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group dropped their price target on shares of Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Truist Financial decreased their price target on shares of Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Evercore ISI cut their target price on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $39.58.

Read Our Latest Report on Intel

Intel Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock has a market cap of $130.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 14.50 and a beta of 1.06. The company has a 50 day simple moving average of $33.30 and a 200-day simple moving average of $40.85.

Intel (NASDAQ:INTCGet Free Report) last issued its earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. As a group, research analysts anticipate that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is 52.08%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the purchase, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. New Millennium Group LLC increased its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in Intel during the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the 1st quarter worth $27,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

(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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