Morgan Stanley Trims Intel (NASDAQ:INTC) Target Price to $25.00

Intel (NASDAQ:INTC) had its target price decreased by Morgan Stanley from $36.00 to $25.00 in a research report released on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the chip maker’s stock.

A number of other equities research analysts have also weighed in on INTC. StockNews.com upgraded Intel from a sell rating to a hold rating in a research report on Thursday. Sanford C. Bernstein reduced their price objective on Intel from $42.00 to $35.00 and set a market perform rating on the stock in a research report on Friday, April 26th. Bank of America lowered Intel from a neutral rating to an underperform rating and reduced their price objective for the stock from $35.00 to $23.00 in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Intel from $37.00 to $35.00 and set an underweight rating on the stock in a research report on Friday, April 26th. Finally, Truist Financial reduced their price objective on Intel from $45.00 to $33.00 and set a hold rating on the stock in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $32.92.

Intel Price Performance

Shares of INTC traded down $1.37 during midday trading on Friday, hitting $20.11. The company’s stock had a trading volume of 146,844,844 shares, compared to its average volume of 50,681,496. Intel has a one year low of $19.29 and a one year high of $51.28. The company’s fifty day simple moving average is $31.35 and its two-hundred day simple moving average is $36.71. 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 stock has a market capitalization of $85.61 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly 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 net margin of 1.77% and a return on equity of 1.82%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts expect that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a $0.125 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.49%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Institutional Investors Weigh In On Intel

A number of hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its holdings in Intel by 34.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,640 shares of the chip maker’s stock worth $82,000 after buying an additional 423 shares during the period. Advisory Alpha LLC purchased a new stake in Intel in the 4th quarter worth about $320,000. International Assets Investment Management LLC raised its position in Intel by 4,457.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,305,086 shares of the chip maker’s stock worth $166,081,000 after purchasing an additional 3,232,567 shares during the period. Arkadios Wealth Advisors raised its position in Intel by 0.5% in the 4th quarter. Arkadios Wealth Advisors now owns 50,746 shares of the chip maker’s stock worth $2,550,000 after purchasing an additional 254 shares during the period. Finally, Nilsine Partners LLC purchased a new stake in Intel in the 4th quarter worth about $227,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.