Intel (NASDAQ:INTC) Stock Price Down 1.1%

Intel Co. (NASDAQ:INTC)’s stock price fell 1.1% during mid-day trading on Wednesday . The company traded as low as $30.50 and last traded at $30.63. 33,294,749 shares changed hands during trading, a decline of 16% from the average session volume of 39,863,564 shares. The stock had previously closed at $30.98.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wedbush reduced their target price on shares of Intel from $40.00 to $32.50 and set a “neutral” rating for the company in a report on Friday, April 26th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Benchmark restated a “buy” rating and set a $62.00 target price on shares of Intel in a research note on Wednesday, April 3rd. UBS Group increased their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, Mizuho lowered their price objective on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel Price Performance

The firm has a market capitalization of $130.35 billion, a P/E ratio of 31.90, a P/E/G ratio of 14.60 and a beta of 1.06. The stock’s 50 day simple moving average is $31.66 and its 200 day simple moving average is $40.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) 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 net margin of 7.36% and a return on equity of 2.19%. The firm had revenue of $12.72 billion for the quarter, compared to the consensus estimate of $12.76 billion. As a group, analysts expect that Intel Co. will post 0.09 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders 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 yield of 1.63%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insider Transactions at Intel

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INTC. New Millennium Group LLC lifted its holdings in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC acquired a new stake in Intel in the fourth quarter worth about $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the first quarter worth about $27,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 362 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

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.