Intel (NASDAQ:INTC) PT Lowered to $36.00

Intel (NASDAQ:INTC) had its target price decreased by Morgan Stanley from $48.00 to $36.00 in a research report sent to investors on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the chip maker’s stock.

INTC has been the topic of a number of other reports. Susquehanna cut their price target on Intel from $42.00 to $40.00 and set a neutral rating on the stock in a research note on Wednesday, April 17th. Barclays lifted their target price on shares of Intel from $32.00 to $44.00 and gave the stock an equal weight rating in a research report on Tuesday, January 16th. Mizuho decreased their price target on shares of Intel from $55.00 to $45.00 and set a buy rating for the company in a research report on Friday. HSBC dropped their price target on shares of Intel from $44.00 to $37.00 and set a hold rating for the company in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intel from $37.00 to $35.00 and set an underweight rating on the stock in a research note on Friday. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $39.75.

Intel Stock Down 1.6 %

Shares of INTC opened at $31.36 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. The stock has a market capitalization of $132.59 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.89 and a beta of 1.00. The stock has a fifty day moving average of $40.63 and a 200-day moving average of $42.27.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

Institutional Trading of Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of INTC. New Millennium Group LLC grew its holdings in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in Intel during the 4th quarter valued at about $27,000. Burkett Financial Services LLC bought a new stake in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter worth approximately $27,000. Finally, Legacy Financial Group LLC bought a new position in shares of Intel in the third quarter valued at approximately $30,000. Institutional investors own 64.53% of the company’s stock.

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.