Intel (NASDAQ:INTC) Stock Price Down 0.9%

Intel Co. (NASDAQ:INTC - Get Free Report)'s stock price dropped 0.9% during mid-day trading on Friday . The stock traded as low as $34.54 and last traded at $34.74. Approximately 15,136,983 shares changed hands during trading, a decline of 67% from the average daily volume of 46,380,789 shares. The stock had previously closed at $35.04.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. Susquehanna cut their target price on Intel from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday. Raymond James cut their target price on Intel from $54.00 to $52.00 and set an "outperform" rating for the company in a research report on Friday, January 26th. TD Cowen cut their target price on Intel from $45.00 to $42.00 and set a "market perform" rating for the company in a research report on Friday, January 26th. Mizuho cut their target price on Intel from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 26th. Finally, The Goldman Sachs Group increased their price target on Intel from $34.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.62.

Intel Price Performance

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 stock has a market capitalization of $144.60 billion, a P/E ratio of 87.69, a price-to-earnings-growth ratio of 3.20 and a beta of 1.00. The stock has a 50 day moving average of $41.85 and a 200-day moving average of $42.29.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the company earned $0.10 EPS. Intel's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel's dividend payout ratio is currently 128.21%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average cost 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction on Monday, January 29th. The shares were bought at an average cost 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Intel by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker's stock valued at $19,385,842,000 after acquiring an additional 4,678,169 shares during the period. State Street Corp increased its holdings in shares of Intel by 0.8% in the 1st quarter. State Street Corp now owns 179,319,417 shares of the chip maker's stock valued at $5,858,347,000 after acquiring an additional 1,447,881 shares during the period. Capital International Investors increased its holdings in shares of Intel by 0.3% in the 4th quarter. Capital International Investors now owns 96,617,951 shares of the chip maker's stock valued at $4,855,099,000 after acquiring an additional 318,495 shares during the period. Primecap Management Co. CA increased its holdings in shares of Intel by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker's stock valued at $3,780,706,000 after acquiring an additional 475,636 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Intel by 29.8% in the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker's stock valued at $1,409,835,000 after acquiring an additional 12,241,200 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.