Intel (NASDAQ:INTC) Stock Price Down 0.9%

Intel Co. (NASDAQ:INTC)’s share price was down 0.9% during trading on Tuesday . The company traded as low as $30.51 and last traded at $30.56. Approximately 7,178,552 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 47,578,902 shares. The stock had previously closed at $30.83.

Analysts Set New Price Targets

A number of equities analysts have commented on INTC shares. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 26th. HSBC dropped their target price on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. The Goldman Sachs Group dropped their target price on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Finally, Jefferies Financial Group started coverage on Intel in a research report on Monday, May 13th. They set a “hold” rating and a $34.00 target price for the company. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.65.

Intel Stock Performance

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 stock has a 50 day simple moving average of $31.61 and a two-hundred day simple moving average of $37.24. The stock has a market capitalization of $128.77 billion, a P/E ratio of 31.83, a P/E/G ratio of 18.76 and a beta of 1.05.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

Several hedge funds have recently added to or reduced their stakes in INTC. Frazier Financial Advisors LLC acquired a new stake in Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC acquired a new stake in Intel during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. acquired a new position in Intel in the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel in the 2nd quarter valued at $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.