Intel (NASDAQ:INTC) Trading Down 0.9%

Shares of Intel Co. (NASDAQ:INTC) dropped 0.9% during mid-day trading on Friday . The company traded as low as $34.54 and last traded at $34.74. Approximately 15,136,983 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 46,380,789 shares. The stock had previously closed at $35.04.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Susquehanna dropped their price target on shares of Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Bank of America dropped their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.62.

Intel Trading Down 1.7 %

The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $42.03 and its two-hundred day simple moving average is $42.30. The stock has a market capitalization of $145.57 billion, a P/E ratio of 89.08, a P/E/G ratio of 3.20 and a beta of 1.00.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to the consensus estimate of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, analysts forecast that Intel Co. will post 0.61 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Slow Capital Inc. grew its position in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after buying an additional 508 shares during the period. Altus Wealth Group LLC grew its position in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares during the period. Alera Investment Advisors LLC acquired a new position in Intel during the fourth quarter valued at approximately $201,000. Vanguard Capital Wealth Advisors grew its holdings in Intel by 1.3% during the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. acquired a new position in Intel during the fourth quarter valued at approximately $293,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.