Intel (NASDAQ:INTC) Trading Down 0.8%

Intel Co. (NASDAQ:INTC) shares were down 0.8% during trading on Monday . The company traded as low as $30.61 and last traded at $30.73. Approximately 8,027,240 shares changed hands during trading, a decline of 83% from the average daily volume of 46,532,898 shares. The stock had previously closed at $30.97.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on INTC shares. HSBC lowered their price objective on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Friday, April 26th. StockNews.com raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Citigroup reduced their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $39.58.

Intel Stock Up 0.7 %

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 stock has a market capitalization of $132.26 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 14.76 and a beta of 1.05. The firm’s fifty day simple moving average is $31.01 and its 200 day simple moving average is $39.36.

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

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. Intel’s dividend payout ratio is currently 52.08%.

Insider Transactions at Intel

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

Institutional Investors Weigh In On Intel

Several hedge funds have recently added to or reduced their stakes in INTC. New Millennium Group LLC lifted its holdings in Intel by 87.2% during the 4th 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 last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the first quarter worth $27,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after buying an additional 362 shares in the last quarter. 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.