Intel (NASDAQ:INTC) Trading Down 0.8%

Intel Co. (NASDAQ:INTC)’s stock price fell 0.8% during trading on Monday . The company traded as low as $30.61 and last traded at $30.73. 8,027,240 shares were traded during trading, a decline of 83% from the average session volume of 46,532,898 shares. The stock had previously closed at $30.97.

Analysts Set New Price Targets

INTC has been the topic of several research reports. Barclays reduced their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 26th. UBS Group lifted their target price on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. The Goldman Sachs Group reduced their target price on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Finally, Wells Fargo & Company reduced their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a 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 stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel Stock Up 0.7 %

The company has a market cap of $132.26 billion, a P/E ratio of 32.36, a P/E/G ratio of 14.76 and a beta of 1.05. 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 business’s 50 day moving average is $31.01 and its 200 day moving average is $39.36.

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

Intel Announces Dividend

The firm 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 1.61%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is presently 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, 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 Investors Weigh In On Intel

Hedge funds have recently added to or reduced their stakes in the business. New Millennium Group LLC lifted its stake in Intel by 87.2% in the 4th 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 in the last quarter. Burkett Financial Services LLC acquired a new stake in Intel in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.