Intel (NASDAQ:INTC) Trading Down 0.1%

Intel Co. (NASDAQ:INTC) fell 0.1% during mid-day trading on Thursday . The company traded as low as $30.19 and last traded at $30.33. 12,925,263 shares were traded during trading, a decline of 73% from the average session volume of 48,257,676 shares. The stock had previously closed at $30.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INTC shares. Mizuho lowered their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Wedbush dropped their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. decreased their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. The Goldman Sachs Group cut their price target on Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research note on Friday, April 26th. Finally, Truist Financial dropped their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.75.

Intel Price 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 market capitalization of $131.54 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 9.93 and a beta of 1.09. The stock’s 50 day moving average price is $39.84 and its 200-day moving average price is $42.06.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.62%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. New Millennium Group LLC raised its holdings in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after purchasing an additional 231 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC purchased a new position in shares of Intel during the 1st quarter valued at approximately $27,000. Finally, Legacy Financial Group LLC acquired a new stake in Intel in the 3rd quarter valued at $30,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.