Intel (NASDAQ:INTC) Trading Down 0.9%

Intel Co. (NASDAQ:INTC) shares dropped 0.9% on Friday . The company traded as low as $34.54 and last traded at $34.74. Approximately 15,136,983 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 46,380,789 shares. The stock had previously closed at $35.04.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. HSBC dropped their price target on shares of Intel from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Evercore ISI assumed coverage on shares of Intel in a report on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $42.62.

Intel Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. The firm has a market cap of $144.60 billion, a P/E ratio of 87.69, a PEG ratio of 3.15 and a beta of 1.00. The stock’s 50-day simple moving average is $41.85 and its two-hundred day simple moving average is $42.34.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities research analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s payout ratio is presently 128.21%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Cantor Fitzgerald Investment Advisor L.P lifted its position in shares of Intel by 173.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after buying an additional 342,649 shares during the last quarter. Axiom Financial Strategies LLC lifted its position in shares of Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after buying an additional 1,056 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Intel during the first quarter valued at about $142,000. Retirement Income Solutions Inc lifted its position in shares of Intel by 5.1% during the first quarter. Retirement Income Solutions Inc now owns 6,338 shares of the chip maker’s stock valued at $314,000 after buying an additional 307 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Intel by 26.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,863,459 shares of the chip maker’s stock valued at $290,593,000 after buying an additional 1,244,247 shares during the last quarter. 64.53% of the stock is currently owned by 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.