Intel (NASDAQ:INTC) Trading Down 1%

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) dropped 1% during mid-day trading on Tuesday . The stock traded as low as $30.86 and last traded at $31.05. Approximately 19,307,386 shares were traded during trading, a decline of 60% from the average daily volume of 47,915,660 shares. The stock had previously closed at $31.36.

Analyst Ratings Changes

INTC has been the topic of a number of research analyst reports. Susquehanna decreased their target price on Intel from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday. UBS Group boosted their price objective on shares of Intel from $46.00 to $50.00 and gave the stock a "neutral" rating in a research report on Monday, April 1st. 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 report on Friday. HSBC reduced their price target on shares of Intel from $44.00 to $37.00 and set a "hold" rating on the stock in a report on Tuesday, April 23rd. Finally, TD Cowen dropped their price objective on shares of Intel from $42.00 to $35.00 and set a "hold" rating for the company in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $39.75.

Intel Trading Down 2.8 %

The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The business has a 50 day simple moving average of $40.35 and a two-hundred day simple moving average of $42.23. The stock has a market cap of $128.83 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.00.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, May 6th. Intel's dividend payout ratio (DPR) is 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were bought 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 of the company's stock, valued at $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

Large investors have recently bought and sold shares of the stock. New Millennium Group LLC raised its holdings 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 purchasing an additional 231 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel in the fourth quarter valued at $27,000. Tributary Capital Management LLC bought a new position in Intel during the first quarter valued at about $27,000. Finally, Legacy Financial Group LLC bought a new stake in Intel in the third quarter worth about $30,000. Institutional investors and hedge funds own 64.53% of the company's stock.

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.