Intel (NASDAQ:INTC) Trading Down 2.5%

Intel Co. (NASDAQ:INTC)’s stock price traded down 2.5% during trading on Wednesday . The company traded as low as $32.11 and last traded at $32.14. 11,518,622 shares changed hands during trading, a decline of 76% from the average session volume of 47,655,027 shares. The stock had previously closed at $32.95.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Roth Mkm reduced their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a report on Wednesday. The Goldman Sachs Group dropped their target price on Intel from $34.00 to $30.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Finally, Benchmark reissued a “buy” rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.25.

Intel Stock Performance

The firm has a market cap of $132.39 billion, a PE ratio of 32.40, a P/E/G ratio of 18.97 and a beta of 1.05. 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 stock has a 50-day moving average price of $31.64 and a 200 day moving average price of $37.62.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Research analysts forecast that Intel Co. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of the stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $31.42 per share, with a total value of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth about $328,000. Allspring Global Investments Holdings LLC raised its stake in Intel by 164.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 618,175 shares of the chip maker’s stock valued at $19,145,000 after buying an additional 384,440 shares in the last quarter. State of Michigan Retirement System raised its stake in Intel by 1.9% during the second quarter. State of Michigan Retirement System now owns 1,502,983 shares of the chip maker’s stock valued at $46,547,000 after buying an additional 28,700 shares in the last quarter. Bristlecone Advisors LLC raised its stake in Intel by 8.5% during the second quarter. Bristlecone Advisors LLC now owns 88,265 shares of the chip maker’s stock valued at $2,734,000 after buying an additional 6,948 shares in the last quarter. Finally, Cypress Capital Group raised its stake in Intel by 4.8% during the second quarter. Cypress Capital Group now owns 97,173 shares of the chip maker’s stock valued at $3,009,000 after buying an additional 4,476 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.