Intel Co. (NASDAQ:INTC – Get Free Report)’s stock price dropped 7.7% during trading on Monday after Hsbc Global Res downgraded the stock from a hold rating to a moderate sell rating. The company traded as low as $19.29 and last traded at $19.82. Approximately 51,113,406 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 50,039,004 shares. The stock had previously closed at $21.48.
Other equities research analysts have also issued reports about the stock. Northland Securities dropped their price objective on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday. The Goldman Sachs Group reduced their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a report on Friday. Evercore ISI lowered their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Barclays reduced their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Jefferies Financial Group began coverage on shares of Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 price target for the company. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.92.
Institutional Trading of Intel
Large investors have recently modified their holdings of the company. Slow Capital Inc. boosted its holdings in Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC increased its position in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares in the last quarter. Brookstone Capital Management increased its position in shares of Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares in the last quarter. Finally, Callan Capital LLC increased its position in shares of Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares in the last quarter. 64.53% of the stock is owned by institutional investors.
Intel Stock Down 6.4 %
The firm has a market cap of $85.61 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 17.38 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. The business’s 50-day moving average is $31.35 and its 200-day moving average is $36.71.
Intel (NASDAQ:INTC – Get Free Report) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. On average, equities analysts predict that Intel Co. will post 0.07 EPS for the current year.
Intel Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.49%. Intel’s dividend payout ratio (DPR) is presently 52.08%.
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.
