Intel (NASDAQ:INTC) PT Lowered to $27.00

Intel (NASDAQ:INTC) had its price target lowered by Deutsche Bank Aktiengesellschaft from $38.00 to $27.00 in a research note published on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the chip maker’s stock.

INTC has been the topic of a number of other research reports. Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a neutral rating on the stock in a research report on Friday. Mizuho reduced their price objective on Intel from $55.00 to $45.00 and set a buy rating on the stock in a research note on Friday, April 26th. Needham & Company LLC reaffirmed a hold rating on shares of Intel in a research note on Friday, April 26th. Raymond James cut Intel from an outperform rating to a market perform rating in a research note on Friday. Finally, HSBC cut Intel from a hold rating to a reduce rating in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $32.92.

Intel Price Performance

NASDAQ INTC traded down $0.28 during trading hours on Friday, reaching $19.83. 102,369,355 shares of the stock traded hands, compared to its average volume of 50,954,605. The stock has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $36.52. Intel has a 1 year low of $19.29 and a 1 year 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 has a market cap of $84.42 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

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

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.52%. Intel’s payout ratio is currently 52.08%.

Institutional Investors Weigh In On Intel

Large investors have recently added to or reduced their stakes in the stock. Burkett Financial Services LLC bought a new stake in Intel in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the first quarter worth $27,000. Signature Resources Capital Management LLC purchased a new position in Intel during the fourth quarter valued at $37,000. Finally, Bare Financial Services Inc bought a new stake in Intel in the 4th quarter valued at $39,000. 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.