Intel (NASDAQ:INTC) Trading Down 1.1%

Intel Co. (NASDAQ:INTCGet Free Report) was down 1.1% on Wednesday . The company traded as low as $30.50 and last traded at $30.63. Approximately 33,294,749 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 39,863,564 shares. The stock had previously closed at $30.98.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Intel from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, April 26th. Susquehanna decreased their target price on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. HSBC lowered their price target on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group initiated coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $39.58.

Check Out Our Latest Report on Intel

Intel Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The business has a 50 day simple moving average of $31.93 and a 200-day simple moving average of $40.15. The stock has a market capitalization of $130.39 billion, a P/E ratio of 31.91, a price-to-earnings-growth ratio of 14.77 and a beta of 1.06.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly 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). The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, analysts predict that Intel Co. will post 0.09 EPS for the current year.

Intel Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $30.29 per share, with a total value 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 approximately $1,192,668.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,100 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer now directly 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 Trading of Intel

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New Millennium Group LLC raised its position 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 valued at $25,000 after purchasing an additional 231 shares during the period. Burkett Financial Services LLC acquired a new position in Intel during the 4th quarter worth $27,000. Frazier Financial Advisors LLC bought a new stake in Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel in the first quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Intel in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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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