Intel (NASDAQ:INTC) Upgraded at Susquehanna

Susquehanna upgraded shares of Intel (NASDAQ:INTC – Get Rating) from a negative rating to a neutral rating in a research note published on Thursday morning, MarketBeat reports. They currently have $26.00 price objective on the chip maker’s stock, up from their prior price objective of $23.00.

Other research analysts also recently issued research reports about the company. Credit Suisse Group set a $25.00 price objective on Intel in a report on Thursday, February 23rd. Barclays decreased their target price on Intel from $30.00 to $27.00 and set an equal weight rating for the company in a research report on Friday, January 27th. Morgan Stanley raised Intel from an underweight rating to an equal weight rating and decreased their target price for the company from $29.50 to $28.00 in a research report on Thursday, February 23rd. Needham & Company LLC reissued a buy rating and issued a $32.00 target price on shares of Intel in a research report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. set a $28.00 target price on Intel in a research report on Wednesday, February 22nd. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $29.38.

Intel Stock Performance

NASDAQ INTC opened at $29.81 on Thursday. Intel has a fifty-two week low of $24.59 and a fifty-two week high of $52.51. The stock’s fifty day moving average is $28.09 and its two-hundred day moving average is $28.11. The firm has a market capitalization of $123.32 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 9.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57.

Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). Intel had a return on equity of 7.45% and a net margin of 12.71%. The company had revenue of $14.04 billion for the quarter, compared to analysts’ expectations of $14.49 billion. During the same quarter last year, the company earned $1.09 EPS. Intel’s revenue for the quarter was down 31.6% compared to the same quarter last year. On average, research analysts anticipate that Intel will post 0.55 earnings per share for the current year.

Intel Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, May 4th. Intel’s dividend payout ratio (DPR) is currently 74.49%.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 9,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was purchased at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the acquisition, the chief executive officer now owns 18,700 shares of the company’s stock, valued at approximately $480,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger purchased 9,700 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was bought at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the acquisition, the chief executive officer now directly owns 18,700 shares of the company’s stock, valued at $480,216. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was acquired at an average cost of $27.83 per share, with a total value of $250,470.00. Following the transaction, the chief executive officer now directly owns 9,000 shares of the company’s stock, valued at $250,470. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 20,500 shares of company stock valued at $549,768. 0.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grayhawk Investment Strategies Inc. acquired a new position in shares of Intel during the 2nd quarter worth about $36,000. Lumature Wealth Partners LLC boosted its holdings in shares of Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after buying an additional 490 shares during the period. O Dell Group LLC boosted its holdings in shares of Intel by 258.1% during the 3rd quarter. O Dell Group LLC now owns 974 shares of the chip maker’s stock worth $25,000 after buying an additional 702 shares during the period. Islay Capital Management LLC bought a new stake in Intel in the 3rd quarter valued at about $26,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Intel during the 4th quarter worth approximately $26,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.