Intel (NASDAQ:INTC) Shares Down 0.1%

Intel Co. (NASDAQ:INTC) shares were down 0.1% during trading on Wednesday . The stock traded as low as $34.13 and last traded at $34.54. Approximately 15,329,097 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 46,883,930 shares. The stock had previously closed at $34.59.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on INTC shares. TD Cowen decreased their price objective on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 26th. UBS Group boosted their price target on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Citigroup reduced their price target on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, Barclays reduced their price target on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Three research 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.58.

Intel Price Performance

The firm’s fifty day simple moving average is $30.94 and its 200 day simple moving average is $38.76. The firm has a market cap of $146.91 billion, a P/E ratio of 35.98, a P/E/G ratio of 16.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

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

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s payout ratio is 52.08%.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were bought 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 approximately $1,108,340.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel 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 directly owns 39,375 shares in the company, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Intel

A number of institutional investors have recently modified their holdings of INTC. Integrated Advisors Network LLC increased its holdings in Intel by 4.1% during the third quarter. Integrated Advisors Network LLC now owns 25,308 shares of the chip maker’s stock valued at $900,000 after buying an additional 1,004 shares during the period. Allen Mooney & Barnes Investment Advisors LLC purchased a new position in Intel during the third quarter valued at approximately $453,000. Carmignac Gestion increased its holdings in Intel by 0.7% during the third quarter. Carmignac Gestion now owns 34,294 shares of the chip maker’s stock valued at $1,219,000 after buying an additional 251 shares during the period. Neo Ivy Capital Management purchased a new position in Intel during the third quarter valued at approximately $1,123,000. Finally, Wellington Management Group LLP increased its holdings in Intel by 17.8% during the third quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.