Intel (NASDAQ:INTC) Shares Down 0.9%

Intel Co. (NASDAQ:INTC)’s share price was down 0.9% during mid-day trading on Monday . The stock traded as low as $30.18 and last traded at $30.18. Approximately 5,851,879 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 46,862,297 shares. The stock had previously closed at $30.45.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTC. TD Cowen dropped their price objective on Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 26th. Mizuho cut their price target on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Morgan Stanley lowered their price objective on shares of Intel from $48.00 to $36.00 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 given a hold rating and five have given a buy rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel Stock Performance

The stock has a market cap of $130.31 billion, a P/E ratio of 31.44, a PEG ratio of 14.52 and a beta of 1.06. 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’s 50-day simple moving average is $32.22 and its 200 day simple moving average is $40.34.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) 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 the consensus estimate of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. As a group, sell-side analysts expect that Intel Co. will post 0.09 EPS for the current fiscal year.

Intel Announces Dividend

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Intel

A number of institutional investors have recently made changes to their positions in the stock. Slow Capital Inc. increased its position in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares during the last quarter. Altus Wealth Group LLC lifted its holdings in shares of Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after acquiring an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares in the last quarter. Alera Investment Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at $201,000. Finally, Callan Capital LLC raised its position in Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.