Intel (NASDAQ:INTC) PT Lowered to $25.00 at Wedbush

Intel (NASDAQ:INTC) had its target price reduced by Wedbush from $32.50 to $25.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

Other analysts have also issued reports about the stock. Susquehanna reduced their price objective on shares of Intel from $35.00 to $26.00 and set a neutral rating on the stock in a report on Friday. Mizuho lowered their price target on Intel from $55.00 to $45.00 and set a buy rating for the company in a report on Friday, April 26th. Wells Fargo & Company decreased their price objective on Intel from $43.00 to $38.00 and set an equal weight rating for the company in a report on Friday, April 26th. TD Cowen decreased their price objective on Intel from $35.00 to $25.00 and set a hold rating for the company in a report on Friday. Finally, Cantor Fitzgerald restated a neutral rating and set a $40.00 price target on shares of Intel in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $32.92.

Intel Price Performance

Intel stock traded down $1.56 during trading on Friday, reaching $19.92. The company had a trading volume of 110,549,477 shares, compared to its average volume of 50,437,902. The firm’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $36.71. Intel has a 1-year low of $19.29 and a 1-year high of $51.28. The firm has a market capitalization of $84.80 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

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 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 for the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INTC. Slow Capital Inc. raised its position in shares of Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares during the period. Altus Wealth Group LLC grew its holdings in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after buying an additional 2,915 shares in the last quarter. Brookstone Capital Management grew its holdings in Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after buying an additional 27,274 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after purchasing an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

About Intel

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.