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

Shares of Intel Co. (NASDAQ:INTC) fell 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. 8,935,346 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 46,404,551 shares. The stock had previously closed at $35.68.

Other equities research analysts have also issued research reports about the company. Morgan Stanley increased their price target on Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Barclays raised their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. TD Cowen cut their price target on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $40.00 price target on shares of Intel in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $42.62.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s 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 transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition 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 firm’s stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barrett & Company Inc. raised its position in shares of Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after acquiring an additional 210 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Intel by 3.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock worth $372,000 after acquiring an additional 216 shares in the last quarter. New Millennium Group LLC raised its position in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares in the last quarter. Waldron Private Wealth LLC raised its position in shares of Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after acquiring an additional 232 shares in the last quarter. Finally, Virtue Capital Management LLC raised its position in shares of Intel by 3.3% in the 4th quarter. Virtue Capital Management LLC now owns 7,580 shares of the chip maker’s stock worth $355,000 after acquiring an additional 245 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 2.4 %

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 company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $41.85 and a 200 day moving average price of $42.29.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts forecast that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.46%. Intel’s dividend payout ratio (DPR) is 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.