Intel (NASDAQ:INTC) Price Target Lowered to $42.00 at Northland Securities

Intel (NASDAQ:INTC) had its price target lowered by Northland Securities from $68.00 to $42.00 in a research note issued to investors on Friday, Benzinga reports. Northland Securities currently has an outperform rating on the chip maker’s stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley dropped their target price on Intel from $36.00 to $25.00 and set an equal weight rating for the company in a report on Friday. Wells Fargo & Company dropped their price objective on Intel from $43.00 to $38.00 and set an equal weight rating for the company in a research note on Friday, April 26th. Cantor Fitzgerald decreased their target price on shares of Intel from $40.00 to $27.00 and set a neutral rating on the stock in a research note on Friday. Raymond James lowered shares of Intel from an outperform rating to a market perform rating in a report on Friday. Finally, Sanford C. Bernstein cut their price target on shares of Intel from $42.00 to $35.00 and set a market perform 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $33.41.

Intel Trading Down 26.1 %

Intel stock traded down $7.57 during mid-day trading on Friday, hitting $21.48. The company’s stock had a trading volume of 300,895,920 shares, compared to its average volume of 60,137,096. The business has a 50 day moving average price of $31.35 and a 200-day moving average price of $36.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel has a 12 month low of $20.42 and a 12 month high of $51.28. The stock has a market cap of $91.44 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. 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 is currently 52.08%.

Hedge Funds Weigh In On Intel

Several institutional investors have recently made changes to their positions in INTC. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at $27,000. Burkett Financial Services LLC purchased a new position in Intel during the fourth quarter valued at $27,000. Tributary Capital Management LLC purchased a new position in Intel during the first quarter valued at $27,000. Spartan Fund Management Inc. bought a new stake in Intel during the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Intel in 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.