Intel (NASDAQ:INTC) Trading Down 6.1%

Intel Co. (NASDAQ:INTC)’s share price was down 6.1% on Tuesday . The company traded as low as $20.68 and last traded at $20.69. Approximately 30,608,332 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 53,489,680 shares. The stock had previously closed at $22.04.

Analyst Ratings Changes

Several research analysts have issued reports on the company. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Susquehanna reduced their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Wedbush cut their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.04.

Intel Stock Performance

The stock has a market cap of $86.63 billion, a PE ratio of 21.28 and a beta of 1.05. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $27.07 and its 200-day moving average price is $33.11.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the prior year, the company posted ($0.05) EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post -0.46 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of INTC. America First Investment Advisors LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new position in Intel during the fourth quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Intel in the fourth quarter valued at $27,000. Tributary Capital Management LLC acquired a new stake in Intel during the 1st quarter worth about $27,000. Finally, Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the 2nd quarter valued at about $27,000. Institutional investors and hedge funds 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.