Intel (NASDAQ:INTC) Stock Price Down 0.5% After Analyst Downgrade

Intel Co. (NASDAQ:INTC - Get Free Report)'s share price traded down 0.5% on Tuesday after Citigroup lowered their price target on the stock from $47.50 to $40.00. Citigroup currently has a neutral rating on the stock. Intel traded as low as $35.76 and last traded at $36.12. 7,246,231 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 46,672,590 shares. The stock had previously closed at $36.31.

Several other equities research analysts have also recently commented on INTC. Susquehanna reissued a "neutral" rating and issued a $42.00 target price on shares of Intel in a research note on Thursday, April 4th. UBS Group boosted their price objective on Intel from $46.00 to $50.00 and gave the stock a "neutral" rating in a report on Monday, April 1st. 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. Wells Fargo & Company lowered their price target on shares of Intel from $48.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 9th. Finally, Raymond James cut their price objective on shares of Intel from $54.00 to $52.00 and set an "outperform" rating on the stock in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $42.69.

Insider Buying and Selling at Intel

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

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barrett & Company Inc. lifted its position in Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker's stock valued at $184,000 after acquiring an additional 210 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Intel by 3.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker's stock valued at $372,000 after purchasing an additional 216 shares in the last quarter. New Millennium Group LLC boosted its position in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock valued at $25,000 after buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker's stock worth $2,063,000 after buying an additional 232 shares in the last quarter. Finally, Virtue Capital Management LLC raised its position in Intel by 3.3% in the 4th quarter. Virtue Capital Management LLC now owns 7,580 shares of the chip maker's stock worth $355,000 after buying an additional 245 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 0.1 %

The stock has a 50-day simple moving average of $42.32 and a two-hundred day simple moving average of $42.40. 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 has a market cap of $153.31 billion, a PE ratio of 92.98, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $15.40 billion during 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 firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post 0.62 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.38%. 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.