Intel (NASDAQ:INTC) Shares Down 0.1%

Intel Co. (NASDAQ:INTC) shares were down 0.1% on Thursday . The company traded as low as $30.19 and last traded at $30.33. Approximately 12,925,263 shares changed hands during 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

Several analysts have recently weighed in on INTC shares. 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. Wells Fargo & Company lowered their price objective on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. reduced their target price on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. Citigroup cut their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, TD Cowen lowered their price objective on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $39.75.

Intel Trading Up 0.1 %

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

Intel Announces Dividend

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

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, with a total value of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Norges Bank purchased a new position in shares of Intel in the 4th quarter worth approximately $2,424,202,000. Price T Rowe Associates Inc. MD grew its position in shares of Intel by 543.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock valued at $1,878,572,000 after purchasing an additional 31,575,084 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after purchasing an additional 8,140,835 shares in the last quarter. Van ECK Associates Corp grew 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 worth $952,139,000 after buying an additional 6,673,086 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Intel by 18.6% during the third quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after buying an additional 6,064,950 shares in the last quarter. 64.53% of the stock is owned by 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.