Intel (NASDAQ:INTC) Trading Down 1.8% – What’s Next?

Intel Co. (NASDAQ:INTC) fell 1.8% during trading on Tuesday . The company traded as low as $22.38 and last traded at $22.44. 9,107,910 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 58,491,707 shares. The stock had previously closed at $22.84.

Analyst Ratings Changes

Several analysts have recently commented on INTC shares. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. The Goldman Sachs Group cut their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Barclays lowered their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Wedbush reduced their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six equities research 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’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $31.92.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm has a market capitalization of $93.57 billion, a price-to-earnings ratio of 22.90 and a beta of 1.03. The stock’s fifty day moving average is $21.55 and its two-hundred day moving average is $27.67.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. 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. Investors of record on Wednesday, August 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.27%. Intel’s dividend payout ratio is presently 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

Several large investors have recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its holdings in shares of Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of Intel by 15.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 52,636 shares of the chip maker’s stock valued at $2,325,000 after buying an additional 7,006 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of Intel by 2.8% during the first quarter. Procyon Advisors LLC now owns 61,221 shares of the chip maker’s stock worth $2,704,000 after buying an additional 1,651 shares during the period. Thrive Wealth Management LLC grew its holdings in Intel by 8.2% in the 1st quarter. Thrive Wealth Management LLC now owns 12,147 shares of the chip maker’s stock worth $537,000 after buying an additional 921 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Intel by 3.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 39,613 shares of the chip maker’s stock valued at $1,750,000 after acquiring an additional 1,343 shares during the period. 64.53% of the stock is currently 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.