Intel (NASDAQ:INTC) Trading Down 1%

Shares of Intel Co. (NASDAQ:INTC) fell 1% during mid-day trading on Tuesday . The company traded as low as $30.86 and last traded at $31.05. 19,307,386 shares were traded during trading, a decline of 60% from the average session volume of 47,915,660 shares. The stock had previously closed at $31.36.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays lowered their price target on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. HSBC reduced their price target on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. UBS Group increased their target price on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Benchmark restated a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Evercore ISI cut their target price on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.75.

Intel Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $129.29 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 8.39 and a beta of 1.09. The stock has a 50-day simple moving average of $40.09 and a 200-day simple moving average of $42.14.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is currently 52.08%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred 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 purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Several institutional investors have recently made changes to their positions in INTC. New Millennium Group LLC lifted its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new position in Intel during the 1st quarter worth $27,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel in the 3rd quarter worth approximately $30,000. 64.53% of the stock is owned by institutional investors.

Intel Company Profile

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.