Intel (NASDAQ:INTC) Price Target Cut to $40.00

Intel (NASDAQ:INTC - Free Report) had its price target trimmed by Citigroup from $47.50 to $40.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a neutral rating on the chip maker's stock.

Several other research firms have also commented on INTC. Morgan Stanley increased their price target on shares of Intel from $39.00 to $48.00 and gave the company an equal weight rating in a research report on Monday, January 29th. Susquehanna reissued a neutral rating and set a $42.00 price objective on shares of Intel in a research note on Thursday, April 4th. Raymond James reduced their price objective on shares of Intel from $54.00 to $52.00 and set an outperform rating on the stock in a research note on Friday, January 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intel from $38.00 to $42.00 and gave the stock a hold rating in a research note on Monday, December 18th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Intel in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of Hold and a consensus target price of $42.69.

Intel Price Performance

INTC traded up $0.62 on Monday, hitting $36.31. 50,703,266 shares of the company were exchanged, compared to its average volume of 47,227,836. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The business's fifty day moving average is $42.58 and its 200 day moving average is $42.39. Intel has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The firm has a market capitalization of $153.52 billion, a P/E ratio of 93.51, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last issued its 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 analyst estimates of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Intel will post 0.62 EPS for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.38%. Intel's dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

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

Institutional Trading of Intel

Institutional investors have recently added to or reduced their stakes in the business. CVA Family Office LLC increased its holdings in Intel by 14.0% in the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker's stock valued at $234,000 after buying an additional 808 shares during the period. Altus Wealth Group LLC lifted its position in 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. Alera Investment Advisors LLC acquired a new position in Intel during the 4th quarter valued at about $201,000. Vanguard Capital Wealth Advisors lifted its position in Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker's stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Waverly Advisors LLC increased its stake in shares of Intel by 14.9% in the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker's stock valued at $2,021,000 after acquiring an additional 7,362 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.