Intel (NASDAQ:INTC) Stock Price Down 1%

Intel Co. (NASDAQ:INTC - Get Free Report) shares were down 1% on Wednesday . The company traded as low as $35.78 and last traded at $35.89. Approximately 6,983,814 shares traded hands during trading, a decline of 85% from the average daily volume of 46,437,496 shares. The stock had previously closed at $36.26.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INTC shares. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, January 26th. UBS Group boosted their target price on shares of Intel from $46.00 to $50.00 and gave the company a "neutral" rating in a research note on Monday, April 1st. TD Cowen reduced their target price on shares of Intel from $45.00 to $42.00 and set a "market perform" rating on the stock in a research note on Friday, January 26th. Wedbush restated a "neutral" rating and issued a $40.00 target price on shares of Intel in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Intel from $32.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $42.62.

Intel Trading Down 1.6 %

The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $150.86 billion, a P/E ratio of 91.49, a PEG ratio of 3.21 and a beta of 1.00. The business has a 50 day moving average price of $42.18 and a 200 day moving average price of $42.35.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analysts' expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel's revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. Analysts anticipate that Intel Co. will post 0.62 EPS for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. Intel's dividend payout ratio (DPR) is presently 128.21%.

Insider Activity

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

Hedge Funds Weigh In On Intel

A number of large investors have recently bought and sold shares of INTC. New Millennium Group LLC lifted its stake in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in Intel in the 4th quarter valued at about $27,000. Hanseatic Management Services Inc. bought a new position in Intel during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC bought a new stake in Intel in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 64.53% of the company's stock.

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.