Intel (NASDAQ:INTC) Cut to “Moderate Sell” at Hsbc Global Res

Hsbc Global Res downgraded shares of Intel (NASDAQ:INTC) from a hold rating to a moderate sell rating in a research note published on Friday morning, Zacks.com reports.

INTC has been the subject of several other research reports. Needham & Company LLC restated a hold rating on shares of Intel in a research report on Friday, April 26th. Wells Fargo & Company dropped their price objective on shares of Intel from $43.00 to $38.00 and set an equal weight rating for the company in a research report on Friday, April 26th. TD Cowen decreased their price objective on Intel from $35.00 to $25.00 and set a hold rating on the stock in a research report on Friday. Barclays dropped their target price on Intel from $40.00 to $25.00 and set an equal weight rating for the company in a research report on Friday. Finally, Wedbush decreased their price target on Intel from $32.50 to $25.00 and set a neutral rating on the stock in a report on Friday. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $32.92.

Intel Trading Down 26.1 %

Shares of INTC stock opened at $21.48 on Friday. The company has a market capitalization of $91.44 billion, a P/E ratio of 22.38, a P/E/G ratio of 17.38 and a beta of 1.05. Intel has a 12-month low of $20.42 and a 12-month high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $31.35 and a 200 day moving average price of $36.71.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Research analysts forecast that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Hedge Funds Weigh In On Intel

Hedge funds have recently modified their holdings of the stock. Frazier Financial Advisors LLC bought a new position in Intel during the fourth quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in Intel in the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. bought a new stake in Intel during the second quarter worth about $32,000. Institutional investors 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.