Intel (NASDAQ:INTC) Price Target Cut to $25.00 by Analysts at Morgan Stanley

Intel (NASDAQ:INTC) had its target price cut by Morgan Stanley from $36.00 to $25.00 in a research note published on Friday, Benzinga reports. They currently have an equal weight rating on the chip maker’s stock.

Several other analysts also recently weighed in on INTC. Susquehanna dropped their target price on shares of Intel from $35.00 to $26.00 and set a neutral rating on the stock in a research report on Friday. Bank of America downgraded shares of Intel from a neutral rating to an underperform rating and dropped their target price for the stock from $35.00 to $23.00 in a research report on Friday. Cantor Fitzgerald reaffirmed a neutral rating and issued a $40.00 price objective on shares of Intel in a report on Tuesday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $37.00 to $35.00 and set an underweight rating on the stock in a report on Friday, April 26th. Finally, Roth Mkm dropped their price objective on shares of Intel from $45.00 to $35.00 and set a neutral rating on the stock in a report on Friday, April 26th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $33.41.

Intel Stock Performance

NASDAQ:INTC traded down $7.57 during trading hours on Friday, hitting $21.48. 300,895,920 shares of the company were exchanged, compared to its average volume of 60,137,096. The stock has a market capitalization of $91.44 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. Intel has a 52-week low of $20.42 and a 52-week high of $51.28. 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 company’s 50 day moving average price is $31.35 and its 200-day moving average price is $36.85.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio is presently 52.08%.

Hedge Funds Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in INTC. Slow Capital Inc. raised its position in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares during the last quarter. Altus Wealth Group LLC raised its position in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Intel by 3.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after buying an additional 2,915 shares during the last quarter. Brookstone Capital Management raised its position in shares of Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares during the last quarter. Finally, Callan Capital LLC raised its position in shares of Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after buying an additional 1,474 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.