Intel Co. (NASDAQ:INTC – Get Rating)’s stock price hit a new 52-week low on Thursday after Barclays lowered their price target on the stock from $35.00 to $30.00. Barclays currently has an underweight rating on the stock. Intel traded as low as $24.55 and last traded at $25.28, with a volume of 430647 shares traded. The stock had previously closed at $25.33.
Several other brokerages have also recently issued reports on INTC. Susquehanna Bancshares dropped their target price on shares of Intel to $23.00 in a report on Friday, September 30th. Susquehanna lowered their target price on Intel from $42.00 to $40.00 in a report on Tuesday, July 19th. Northland Securities cut their price target on Intel from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday. UBS Group reduced their price target on shares of Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, Credit Suisse Group set a $45.00 price target on shares of Intel in a research note on Monday, August 1st. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.50.
Insider Activity at Intel
In other Intel news, CEO Patrick P. Gelsinger bought 14,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was purchased at an average cost of $33.86 per share, with a total value of $501,128.00. Following the completion of the acquisition, the chief executive officer now owns 77,216 shares in the company, valued at approximately $2,614,533.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.02% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Apeiron RIA LLC bought a new stake in shares of Intel during the 2nd quarter worth approximately $26,000. Lansing Street Advisors purchased a new stake in shares of Intel during the first quarter valued at $28,000. Lloyd Advisory Services LLC. grew its holdings in shares of Intel by 2,835.0% in the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock worth $29,000 after purchasing an additional 567 shares during the last quarter. Steward Financial Group LLC increased its stake in Intel by 667.0% in the 2nd quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock worth $29,000 after buying an additional 687 shares during the period. Finally, Landmark Wealth Management LLC bought a new position in Intel in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.
Intel Stock Down 0.2 %
The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. The stock has a market cap of $103.80 billion, a P/E ratio of 5.42, a P/E/G ratio of 1.50 and a beta of 0.73. The company’s 50 day moving average price is $30.94 and its two-hundred day moving average price is $38.28.
Intel (NASDAQ:INTC – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.40). The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. Intel had a net margin of 26.03% and a return on equity of 16.65%. The company’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, research analysts expect that Intel Co. will post 2.21 earnings per share for the current year.
Intel Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Friday, November 4th. Intel’s dividend payout ratio is presently 31.26%.
About Intel
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.