Intel (NASDAQ:INTC) PT Lowered to $25.00

Intel (NASDAQ:INTC) had its price objective reduced by Roth Mkm from $35.00 to $25.00 in a research report sent to investors on Friday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the chip maker’s stock.

A number of other brokerages also recently commented on INTC. Benchmark downgraded shares of Intel from a buy rating to a hold rating in a research note on Friday. TD Cowen dropped their price target on shares of Intel from $35.00 to $25.00 and set a hold rating for the company in a research report on Friday. Morgan Stanley dropped their price objective on shares of Intel from $36.00 to $25.00 and set an equal weight rating for the company in a report on Friday. The Goldman Sachs Group dropped their price objective on shares of Intel from $29.00 to $22.00 and set a sell rating for the company in a report on Friday. Finally, Wolfe Research upgraded shares of Intel from an underperform rating to a peer perform rating in a report on Thursday, May 16th. Five analysts have rated the stock with a sell rating, twenty-three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $32.92.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.08 during midday trading on Friday, hitting $20.03. The company’s stock had a trading volume of 76,578,266 shares, compared to its average volume of 50,857,746. The business’s 50 day simple moving average is $31.14 and its 200 day simple moving average is $36.52. 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 company has a market cap of $85.27 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. Intel has a 12-month low of $19.29 and a 12-month high of $51.28.

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

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. Intel’s payout ratio is currently 52.08%.

Hedge Funds Weigh In On Intel

A number of large investors have recently bought and sold shares of the company. Barrett & Company Inc. increased its stake in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after buying an additional 210 shares in the last quarter. Waldron Private Wealth LLC boosted its holdings in Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Intel by 4.3% during the fourth quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock worth $300,000 after buying an additional 246 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in Intel by 1.1% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock worth $1,114,000 after buying an additional 247 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after buying an additional 247 shares during the last quarter. 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.