UBS Group Cuts Intel (NASDAQ:INTC) Price Target to $32.00

Intel (NASDAQ:INTC) had its price objective cut by UBS Group from $37.00 to $32.00 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

INTC has been the topic of a number of other research reports. Sanford C. Bernstein lowered their target price on Intel from $42.00 to $35.00 and set a market perform rating on the stock in a report on Friday, April 26th. TD Cowen decreased their price target on Intel from $35.00 to $25.00 and set a hold rating for the company in a research note on Friday. The Goldman Sachs Group cut their price target on Intel from $29.00 to $22.00 and set a sell rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on Intel from $38.00 to $27.00 and set a hold rating on the stock in a research note on Friday. Finally, Needham & Company LLC reiterated a hold rating on shares of Intel in a research note on Friday, April 26th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $32.92.

Intel Trading Down 6.4 %

INTC stock traded down $1.37 during trading on Friday, hitting $20.11. The company had a trading volume of 147,145,630 shares, compared to its average volume of 50,681,496. The stock has a market cap of $85.61 billion, a PE ratio of 20.65, a PEG ratio of 17.38 and a beta of 1.05. Intel has a one year low of $19.29 and a one year high of $51.28. The business has a 50-day moving average of $31.35 and a 200-day moving average of $36.71. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

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

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.49%. Intel’s payout ratio is presently 52.08%.

Institutional Trading of Intel

Institutional investors and hedge funds have recently bought and sold shares of the business. Slow Capital Inc. raised its position in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares during the last quarter. Altus Wealth Group LLC lifted its position in shares of Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after buying an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after buying an additional 2,915 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares during the period. Finally, Callan Capital LLC raised its holdings in shares of Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares during the period. 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.