Intel (NASDAQ:INTC) PT Lowered to $36.00 at Evercore ISI

Intel (NASDAQ:INTC) had its target price trimmed by Evercore ISI from $40.00 to $36.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an in-line rating on the chip maker’s stock.

Other equities research analysts also recently issued reports about the company. Truist Financial reaffirmed a hold rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. TD Cowen lowered their target price on shares of Intel from $42.00 to $35.00 and set a hold rating on the stock in a research note on Friday. Sanford C. Bernstein lowered their target price on shares of Intel from $42.00 to $35.00 and set a market perform rating on the stock in a research note on Friday. HSBC decreased their price target on shares of Intel from $44.00 to $37.00 and set a hold rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of Hold and an average target price of $39.75.

Intel Price Performance

NASDAQ INTC opened at $31.88 on Friday. The stock’s fifty day moving average price is $40.88 and its 200 day moving average price is $42.23. The company has a market cap of $134.79 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 3.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel has a 1 year low of $26.85 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. As a group, equities research analysts forecast that Intel will post 0.6 earnings per share for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.57%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. New Millennium Group LLC lifted its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in Intel in the fourth quarter valued at $27,000. Tributary Capital Management LLC acquired a new position in Intel in the first quarter valued at $27,000. Finally, Legacy Financial Group LLC acquired a new position in Intel in the third quarter valued at $30,000. Hedge funds and other 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.