Intel (NASDAQ:INTC) Trading Down 1.1%

Shares of Intel Co. (NASDAQ:INTC - Get Free Report) fell 1.1% on Wednesday . The company traded as low as $21.12 and last traded at $21.23. 24,201,848 shares traded hands during trading, a decline of 57% from the average session volume of 55,696,086 shares. The stock had previously closed at $21.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INTC shares. Northland Securities reduced their price objective on shares of Intel from $68.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Daiwa America raised Intel to a "hold" rating in a report on Monday, August 26th. Barclays dropped their price objective on Intel from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, August 2nd. New Street Research lowered Intel from a "buy" rating to a "neutral" rating in a research report on Friday, August 2nd. Finally, Raymond James downgraded Intel from an "outperform" rating to a "market perform" rating in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $32.04.

Intel Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The company's 50 day moving average price is $24.17 and its 200 day moving average price is $31.22. The company has a market cap of $88.42 billion, a price-to-earnings ratio of 21.64 and a beta of 1.03.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to analysts' expectations of $12.92 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.41%. Intel's payout ratio is 52.08%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company's stock.

Hedge Funds Weigh In On Intel

Hedge funds have recently added to or reduced their stakes in the business. DDFG Inc acquired a new stake in shares of Intel during the 4th quarter worth about $205,000. Gryphon Financial Partners LLC grew its stake in Intel by 8.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker's stock worth $1,060,000 after acquiring an additional 1,601 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Intel in the 4th quarter valued at $501,000. Hillsdale Investment Management Inc. lifted its stake in shares of Intel by 110.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 5,250 shares of the chip maker's stock worth $264,000 after purchasing an additional 2,760 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its holdings in shares of Intel by 28.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 50,977 shares of the chip maker's stock worth $2,562,000 after purchasing an additional 11,252 shares during the last quarter. 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.