Hsbc Global Res Lowers Intel (NASDAQ:INTC) to Moderate Sell

Hsbc Global Res lowered shares of Intel (NASDAQ:INTC) from a hold rating to a moderate sell rating in a research report sent to investors on Friday, Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Barclays dropped their price target on Intel from $40.00 to $25.00 and set an equal weight rating on the stock in a research report on Friday. Wolfe Research raised Intel from an underperform rating to a peer perform rating in a report on Thursday, May 16th. Morgan Stanley lowered their price objective on shares of Intel from $36.00 to $25.00 and set an equal weight rating on the stock in a research report on Friday. Citigroup reduced their target price on shares of Intel from $47.50 to $40.00 and set a neutral rating for the company in a research note on Monday, April 15th. Finally, The Goldman Sachs Group dropped their price target on shares of Intel from $29.00 to $22.00 and set a sell rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of Hold and a consensus target price of $32.92.

Intel Trading Down 6.4 %

NASDAQ:INTC opened at $20.11 on Friday. Intel has a 1 year low of $19.29 and a 1 year high of $51.28. The stock has a market cap of $85.61 billion, a P/E ratio of 20.95, a P/E/G ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a 50-day simple moving average of $31.35 and a 200-day simple moving average of $36.71.

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

Intel Announces Dividend

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

Institutional Investors Weigh In On Intel

A number of institutional investors have recently bought and sold shares of the stock. Frazier Financial Advisors LLC purchased a new position in shares of Intel in the 4th quarter worth $27,000. Burkett Financial Services LLC acquired a new stake in Intel during the fourth quarter worth about $27,000. Tributary Capital Management LLC purchased a new position in shares of Intel in the 1st quarter worth about $27,000. Spartan Fund Management Inc. purchased a new position in Intel in the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel during the second quarter valued at approximately $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.