Intel (NASDAQ:INTC) Shares Down 0.2% After Analyst Downgrade

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) were down 0.2% during mid-day trading on Thursday after Susquehanna lowered their price target on the stock from $42.00 to $40.00. Susquehanna currently has a neutral rating on the stock. Intel traded as low as $35.12 and last traded at $35.60. Approximately 8,935,346 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 46,404,551 shares. The stock had previously closed at $35.68.

INTC has been the subject of a number of other reports. Benchmark restated a "buy" rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Evercore ISI assumed coverage on shares of Intel in a research note on Tuesday. They set an "in-line" rating and a $40.00 price target for the company. Raymond James decreased their price target 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 26th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus target price of $42.62.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction 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 completion of the acquisition, the chief executive officer now owns 31,275 shares in the company, valued at $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 news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The stock was 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 owns 28,475 shares of the company's stock, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value 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. Insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

Large investors have recently modified their holdings of the business. Silverlake Wealth Management LLC grew its position in shares of Intel by 1.7% in the 1st quarter. Silverlake Wealth Management LLC now owns 31,195 shares of the chip maker's stock worth $1,378,000 after buying an additional 510 shares during the last quarter. Naviter Wealth LLC boosted its holdings in shares of Intel by 16.5% in the 1st quarter. Naviter Wealth LLC now owns 33,336 shares of the chip maker's stock valued at $1,472,000 after acquiring an additional 4,711 shares during the last quarter. West Oak Capital LLC lifted its stake in shares of Intel by 1.8% in the 1st quarter. West Oak Capital LLC now owns 42,974 shares of the chip maker's stock valued at $1,898,000 after purchasing an additional 765 shares during the period. InTrack Investment Management Inc lifted its stake in shares of Intel by 5.7% in the 1st quarter. InTrack Investment Management Inc now owns 10,838 shares of the chip maker's stock valued at $479,000 after purchasing an additional 580 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Intel in the 1st quarter valued at $36,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock's 50-day simple moving average is $42.03 and its two-hundred day simple moving average is $42.30. The company has a market capitalization of $148.15 billion, a price-to-earnings ratio of 89.85, a PEG ratio of 3.21 and a beta of 1.00.

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

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel's dividend payout ratio (DPR) is presently 128.21%.

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.