Intel Co. (NASDAQ:INTC) CEO Purchases $125,680.00 in Stock

Intel Co. (NASDAQ:INTC - Get Free Report) CEO Patrick P. Gelsinger purchased 4,000 shares of the business's stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Intel Price Performance

Intel stock traded down $0.10 during trading hours on Wednesday, reaching $30.37. 60,565,524 shares of the stock were exchanged, compared to its average volume of 48,681,813. The company has a market cap of $129.29 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.31 and a beta of 1.00. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The stock has a 50 day moving average of $40.09 and a two-hundred day moving average of $42.14.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. Intel's payout ratio is 52.08%.

Institutional Investors Weigh In On Intel

A number of large investors have recently bought and sold shares of INTC. New Millennium Group LLC grew its stake in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after buying an additional 231 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel in the 1st quarter valued at approximately $27,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Intel in the 3rd quarter valued at approximately $30,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, April 26th. Wedbush dropped their target price on shares of Intel from $40.00 to $32.50 and set a "neutral" rating for the company in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. The Goldman Sachs Group dropped their target price on shares of Intel from $39.00 to $34.00 and set a "sell" rating for the company in a research note on Friday, April 26th. Finally, Morgan Stanley dropped their target price on shares of Intel from $48.00 to $36.00 and set an "equal weight" rating for the company in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Intel has an average rating of "Hold" and an average price target of $39.75.

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.