Intel (NASDAQ:INTC) Stock Price Down 0.7% – Time to Sell?

by · The Cerbat Gem

Shares of Intel Co. (NASDAQ:INTC – Get Free Report) traded down 0.7% during trading on Wednesday . The company traded as low as $22.11 and last traded at $22.24. 9,834,003 shares were traded during trading, a decline of 83% from the average session volume of 58,452,754 shares. The stock had previously closed at $22.40.

Analyst Ratings Changes

Several equities research analysts have commented on INTC shares. JPMorgan Chase & Co. dropped their target price on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Truist Financial decreased their target price on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a research report on Monday, September 23rd. Finally, Mizuho cut Intel from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $22.00 in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $31.92.

Check Out Our Latest Stock Report on INTC

Intel Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The stock has a market cap of $92.76 billion, a PE ratio of 23.17 and a beta of 1.03. The firm has a 50 day moving average price of $21.51 and a 200 day moving average price of $27.71.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, research analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Institutional investors have recently modified their holdings of the business. America First Investment Advisors LLC purchased a new stake in shares of Intel in the second quarter valued at approximately $25,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the 1st quarter valued at about $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the second quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new position in Intel during the second quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the 2nd quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Intel

(Get Free Report)

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.

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