Shares of Intel Co. (NASDAQ:INTC – Get Free Report) dropped 0.2% during trading on Tuesday after HSBC lowered their price target on the stock from $44.00 to $37.00. HSBC currently has a hold rating on the stock. Intel traded as low as $34.18 and last traded at $34.33. Approximately 9,907,040 shares traded hands during trading, a decline of 79% from the average daily volume of 46,423,176 shares. The stock had previously closed at $34.41.
Other equities analysts have also issued research reports about the stock. Evercore ISI initiated coverage on shares of Intel in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Raymond James decreased their price objective on shares of Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Finally, Bank of America decreased their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $42.38.
Insider Activity
In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in INTC. New Millennium Group LLC increased its holdings in shares of Intel by 87.2% during 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 stake in shares of Intel during the 4th quarter valued at about $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at about $27,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel during the 3rd quarter valued at about $30,000. Institutional investors own 64.53% of the company’s stock.
Intel Stock Performance
The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The firm’s 50-day moving average price is $41.48 and its two-hundred day moving average price is $42.36. The firm has a market capitalization of $144.94 billion, a price-to-earnings ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00.
Intel (NASDAQ:INTC – Get Free Report) last issued its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post 0.61 earnings per share for the current year.
Intel Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. Intel’s dividend payout ratio (DPR) is presently 128.21%.
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.