Intel (NASDAQ:INTC) Stock Price Down 0.1%

Intel Co. (NASDAQ:INTC)’s share price was down 0.1% during mid-day trading on Thursday . The company traded as low as $30.19 and last traded at $30.33. Approximately 12,925,263 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 48,257,676 shares. The stock had previously closed at $30.37.

Analyst Ratings Changes

A number of brokerages recently commented on INTC. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Morgan Stanley cut their target price on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Mizuho reduced their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. cut their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. Four 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 stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $39.75.

Intel Trading Up 0.1 %

The stock has a market cap of $129.46 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 8.39 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $40.09 and its two-hundred day simple moving average is $42.14.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.64%. Intel’s payout ratio is presently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intel

Several large investors have recently bought and sold shares of INTC. Norges Bank bought a new position in Intel in the fourth quarter valued at $2,424,202,000. Price T Rowe Associates Inc. MD increased its position in Intel by 543.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after buying an additional 31,575,084 shares during the period. California Public Employees Retirement System grew its holdings in shares of Intel by 102.6% during the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares in the last quarter. Van ECK Associates Corp raised its position in Intel by 44.8% during the first quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock valued at $952,139,000 after purchasing an additional 6,673,086 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Intel by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after buying an additional 6,064,950 shares in the last quarter. Institutional investors 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.